970 41St StBrooklyn, NY 11219

Property Details for 970 41St St

Property size (Sq ft)

1,085 SF

Zone code

R6

Property type

Office properties

Property subtype

Other office properties

APN

05590-1104

APU

55901104

Description

This exceptional 750-square-foot commercial condo, located at 970 41st Street S2 in Brooklyn, NY 11219, presents a lucrative investment opportunity. Situated in the vibrant Boro Park/Sunset Park neighborhood, this property boasts a prime location with high foot traffic, making it ideal for a variety of retail or restaurant uses. The condo is part of a six-story building and sits on a sizable 9,450-square-foot lot. The interior features ceiling heights ranging from 8-10 feet and 11-15 feet, offering versatile space planning options. The asking price is $475,000. Its convenient location offers easy access to public transportation, with proximity to the D train, and is also close to Maimonides Hospital, ensuring high visibility and potential customer base. The property is a single unit, offering a streamlined ownership experience. While the marketing materials mention the possibility of larger spaces (1000-3000 sq ft), this listing specifically refers to the 750 sq ft condo unit for sale. This presents a unique opportunity to acquire a well-situated commercial space in a thriving Brooklyn neighborhood. The Kings County location provides access to a diverse and densely populated area. This is a turnkey opportunity for a savvy investor seeking a strong return on investment in a high-demand area.

• CAP approach

  CAP return

  Valuation

  6%

  $179,383

  6.5%

  $165,584

  7%

  $153,757

• Comparable approach

  Method

  Valuation

  Relative Method

  $141,766

  Geo Method

  $141,766

• Alternative Use

  Use

  Valuation

  Residential

  $205,324

  Hospitality

  $188,076

  Educational

  $156,477

  Medical

  $161,859

  Retail

  $243,409

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6435

Longitude

-73.9946

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].