185 Nassau AveBrooklyn, NY 11222

Property Details for 185 Nassau Ave

Year built

1930

Lot size

0.05 AC

Property size (Sq ft)

4,050 SF

Zone code

R6B

Property type

Investment properties

Property subtype

Live-work space

APN

02653-0037

APU

26530037

Description

This exceptional Greenpoint commercial property offers 3,450 square feet of retail, office, or restaurant space in a prime location. Situated at the corner of Nassau, Humboldt, and Jewel Streets, this single-tenant space boasts over 190 linear feet of three-corner frontage, ensuring maximum visibility and attracting significant foot traffic. The property comprises the combined first floors of two buildings (185 & 189 Nassau Ave), effectively encompassing the entire block. Included is a 450-square-foot, two-car garage providing valuable additional space. The R6B and C2-4 zoning allows for a variety of uses. Conveniently located between McGorlick and McCarren Parks, with easy subway access, this property benefits from a strong local demographic and high pedestrian traffic. This is a rare opportunity to establish a thriving business in a vibrant and rapidly growing neighborhood. The property features two buildings and offers excellent visibility due to its prominent corner location.

• CAP approach

  CAP return

  Valuation

  6%

  $669,586

  6.5%

  $618,079

  7%

  $573,931

• Comparable approach

  Method

  Valuation

  Relative Method

  $529,173

  Geo Method

  $529,173

• Alternative Use

  Use

  Valuation

  Residential

  $766,418

  Hospitality

  $702,035

  Educational

  $584,085

  Medical

  $604,173

  Retail

  $908,577

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.7256

Longitude

-73.9457

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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