173 Veronica PlBrooklyn, NY 11226

Property Details for 173 Veronica Pl

Year built

1930

Lot size

0.07 AC

Property size (Sq ft)

2,850 SF

Zone code

R6

Property type

Retail space

APN

05137-0041

APU

51370041

Description

This exceptional Brooklyn commercial property at 173 Veronica Place (also known as 992 Rogers Avenue), offers a unique investment opportunity. The 2,850 square foot retail space is situated on a 2,992 square foot lot (25 x 120 feet) and is zoned R6/C2-3, presenting potential for development and expansion. Currently operating as a commercial store, the property boasts the possibility of utilizing air rights to increase its footprint. Its convenient location near the 2 and 5 train lines at Beverly Road provides easy access to public transportation, and its proximity to a variety of restaurants and shops ensures high visibility and foot traffic. The single-story building presents a versatile space ideal for a variety of commercial uses, including restaurants, given its existing configuration. The asking price is $1,300,000. This is a rare chance to acquire a well-located, adaptable commercial property in a thriving Brooklyn neighborhood. The ceiling height is noted as "Other," and further details should be confirmed through due diligence. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $692,650

  6.5%

  $639,369

  7%

  $593,700

• Comparable approach

  Method

  Valuation

  Relative Method

  $938,400

  Geo Method

  $938,400

• Alternative Use

  Use

  Valuation

  Residential

  $539,332

  Hospitality

  $494,025

  Educational

  $411,023

  Medical

  $425,158

  Retail

  $639,369

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6459

Longitude

-73.9523

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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