2771 Nostrand AveBrooklyn, NY 11210

Property Details for 2771 Nostrand Ave

Year built

1965

Lot size

0.24 AC

Property size (Sq ft)

12,256 SF

Zone code

R4

Property type

Retail space

APN

07684-0034

APU

76840034

Description

This exceptional retail property, located at 2771 Nostrand Avenue in Brooklyn, New York, offers a total of 11,600 square feet of leasable space. Currently, the entire building is vacant, presenting a unique opportunity for a single tenant to occupy the entire space or for multiple tenants to lease individual units. The property is ideally suited for a variety of retail uses, given its size and location in Kings County. Flexible lease terms are available, accommodating businesses requiring anywhere from 550 square feet to a maximum contiguous space of 7,000 square feet. This prime location in the vibrant Brooklyn neighborhood offers high visibility and excellent access to a diverse customer base. The property's 11,600 square feet provides ample room for expansion and customization to meet specific business needs. With its strategic location and adaptable space, this property represents a compelling investment opportunity for businesses seeking a prominent presence in a thriving commercial area. The address is 2771 Nostrand Avenue, Brooklyn, NY 11210. Interested parties are encouraged to inquire about lease terms and availability. The property is classified as Commercial Retail with multiple tenancy options.

• CAP approach

  CAP return

  Valuation

  6%

  $2,978,636

  6.5%

  $2,749,510

  7%

  $2,553,116

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,035,450

  Geo Method

  $4,035,450

• Alternative Use

  Use

  Valuation

  Residential

  $2,319,314

  Hospitality

  $2,124,480

  Educational

  $1,767,542

  Medical

  $1,828,331

  Retail

  $2,749,510

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.617

Longitude

-73.9447

CBSA code

35620

CBSA name

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

Property Tax & Assessments

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