93 Verona StBrooklyn, NY 11231

  • Auto shops
  • 537 SF

Property Details for 93 Verona St

Year built
1931
Lot size
0.01 AC
Property size (Sq ft)
537 SF
Zone code
R5
Property type
Auto shops
APN
00530-0009
APU
5300009

Description

This exceptional 500-square-foot retail space at 93 Verona Street in Brooklyn, New York, presents a unique opportunity for a discerning business owner. Located in the vibrant Red Hook neighborhood, this single-tenant property boasts a desirable street-level location with all-glass frontage, maximizing visibility and attracting foot traffic. Built in 1931, the building is a single-story structure situated on a 537-square-foot lot, offering ample space for both interior operations and potential outdoor displays. The space is currently vacant and delivered as a turn-key white box, allowing for immediate customization to suit your specific business needs. The property is zoned R5, providing flexibility for a variety of retail uses. Its convenient location offers easy access to public transportation, with the G and F trains at Carroll Street and several bus lines nearby. The surrounding area is known for its eclectic mix of restaurants, bars, art galleries, and boutiques, creating a thriving and attractive environment for businesses. Proximity to well-established businesses such as Red Hook Tavern, Red Hook Lobster Pound, Amazon Offices, Ikea, and several breweries and entertainment venues ensures high foot traffic and a strong customer base. This is an ideal space for a business seeking a high-visibility location in a rapidly growing and desirable Brooklyn neighborhood.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $130,510
    6.5%
    $120,471
    7%
    $111,866
  • Comparable approach

    Method
    Valuation
    Relative Method
    $176,814
    Geo Method
    $176,814
  • Alternative Use

    Use
    Valuation
    Residential
    $101,621
    Hospitality
    $93,085
    Educational
    $77,445
    Medical
    $80,109
    Retail
    $120,471

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.6797
Longitude
-74.0096
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$2,580
$4,500
$24,750
$29,250
-
$10,000
$55,000
$65,000

FAQs

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