43 Underhill AveBrooklyn, NY 11238

Property Details for 43 Underhill Ave

Year built

1931

Lot size

0.05 AC

Property size (Sq ft)

7,100 SF

Zone code

R6A

Property type

Retail residential properties

APN

01131-0001

APU

11310001

Description

This exceptional 944-square-foot flex space at 43 Underhill Avenue in Brooklyn, New York, presents a unique opportunity for a variety of businesses. Located in Kings County, this single-tenant property offers versatile space ideal for retail, industrial, or restaurant use. The building boasts a 10-foot ceiling height, providing ample vertical space for storage or creative design. The entire 944 square feet is currently vacant and ready for immediate occupancy. The property's flexible zoning allows for a range of potential uses, making it an attractive option for entrepreneurs and established businesses alike. Its convenient location in Brooklyn offers easy access to major transportation routes and a vibrant, diverse community. This is a rare opportunity to secure a well-situated, adaptable space in a thriving New York City neighborhood. The property is available for lease and is ready for your business to thrive. The address is 43 Underhill Avenue, Brooklyn, NY 11238. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $1,455,564

  6.5%

  $1,343,598

  7%

  $1,247,626

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,437,913

  Geo Method

  $1,437,913

• Alternative Use

  Use

  Valuation

  Residential

  $1,343,598

  Hospitality

  $1,230,728

  Educational

  $1,023,952

  Medical

  $1,059,167

  Retail

  $1,592,813

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6797

Longitude

-73.9648

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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