9 Newport StBrooklyn, NY 11212

Property Details for 9 Newport St

Year built

1930

Lot size

0.09 AC

Property size (Sq ft)

8,314 SF

Zone code

R6

Property type

Investment properties

Property subtype

Live-work space

APN

03595-0005

APU

35950005

Description

This exceptional retail space at 9 Newport Street in Brooklyn, NY, offers a fantastic opportunity for a single-tenant business. Located near the intersection of Newport Street and East 98th Street, this 250-square-foot store boasts a prime location with excellent street visibility thanks to a glass storefront. The property is brand new and features modern amenities including high ceilings and a private bathroom. The space is equipped with brand new mini-split heating and cooling systems, ensuring year-round comfort. Gas is available for use within the unit. A significant advantage is the inclusion of a full basement floor, providing ample storage or additional workspace. This property is ideal for a variety of retail businesses seeking a well-appointed, conveniently located space in a vibrant Brooklyn neighborhood. The zip code is 11212. The property's latitude and longitude coordinates are 40.6585556 and -73.915338 respectively. This is a single-tenant retail store. Don't miss this chance to establish your business in this desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,374,552

  6.5%

  $1,268,818

  7%

  $1,178,188

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,086,307

  Geo Method

  $1,086,307

• Alternative Use

  Use

  Valuation

  Residential

  $1,573,334

  Hospitality

  $1,441,166

  Educational

  $1,199,033

  Medical

  $1,240,269

  Retail

  $1,865,162

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6586

Longitude

-73.9154

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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