136 Smith StBrooklyn, NY 11201

Property Details for 136 Smith St

Year built

1920

Lot size

0.03 AC

Property size (Sq ft)

2,478 SF

Zone code

R6A

Property type

Investment properties

Property subtype

Live-work space

APN

00193-0024

APU

1930024

Description

This exceptional 1,000-square-foot retail space is ideally situated on Smith Street in Kings County, offering unparalleled visibility and high foot traffic. Previously a smoke shop, the property boasts a 12-foot frontage and 10-foot ceilings, providing ample space for a variety of retail uses. The location is surrounded by a dense residential neighborhood, ensuring a consistent customer base. This single-tenant space is entirely vacant and ready for immediate occupancy. The property benefits from its proximity to a diverse range of established businesses, including Alexis Bittar, Warby Parker, Eileen Fisher, Talea, Marshalls, PetSmart, 7-Eleven, Michaels, TD Bank, Five Below, Bareburger, Planet Fitness, Santander, Sweetgreen, Buffalo Exchange, and Stumptown Roasters. This prime location offers excellent exposure and accessibility, making it an ideal opportunity for a discerning retailer seeking a thriving commercial environment. The property's high foot traffic and established neighboring businesses create a strong foundation for success. The 1,000 square feet of vacant space presents a blank canvas for a new business to flourish in this vibrant and densely populated area. The property's features, combined with its strategic location, make it a highly desirable retail opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $409,687

  6.5%

  $378,173

  7%

  $351,161

• Comparable approach

  Method

  Valuation

  Relative Method

  $323,775

  Geo Method

  $323,775

• Alternative Use

  Use

  Valuation

  Residential

  $468,935

  Hospitality

  $429,542

  Educational

  $357,374

  Medical

  $369,664

  Retail

  $555,914

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6872

Longitude

-73.9904

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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