2835 Nostrand AveBrooklyn, NY 11234

Property Details for 2835 Nostrand Ave

Year built

1957

Lot size

0.10 AC

Property size (Sq ft)

3,284 SF

Zone code

R3-2

Property type

Retail properties

Property subtype

Retail space

APN

07692-0137

APU

76920137

Description

This exceptional 3,284 square foot retail building, located at 2835 Nostrand Avenue in Brooklyn, New York, presents a remarkable investment opportunity. Priced at $2,375,000, this one-story property sits on a 6,518 square foot lot and boasts 8-10 foot ceilings, offering ample space for a variety of commercial uses. Currently operating as a restaurant, the versatile open layout allows for maximum flexibility to suit diverse business needs. The property's prime location in a bustling, high-traffic area ensures excellent visibility and accessibility for customers. Beyond the main floor, a sizable basement provides additional square footage, ideal for storage or expansion of the business. The generous lot size includes ample yard space, perfect for outdoor seating or other supplementary business activities. This turnkey property is an ideal choice for both investors seeking a strong return and entrepreneurs looking for an established location to launch or relocate their business. The property is situated in Kings County (Brooklyn), NY, zip code 11234. This is a rare opportunity to acquire a well-positioned commercial property in a thriving Brooklyn neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $798,127

  6.5%

  $736,732

  7%

  $684,109

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,081,300

  Geo Method

  $1,081,300

• Alternative Use

  Use

  Valuation

  Residential

  $621,461

  Hospitality

  $569,255

  Educational

  $473,614

  Medical

  $489,902

  Retail

  $736,732

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6152

Longitude

-73.9444

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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