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165 Newport St & 486 Chester Street 165 Newport St 7,200 SF Retail Building Brooklyn, NY 11212 $1,225,000 ($170.14/SF) 11.47% Cap Rate
Investment Highlights
- Two-Building Corner Assemblage
- Investor or Owner-User Opportunity
- 7,200 Gross Square Feet | Delivered Vacant
- Sub $175/SF
Executive Summary
The Peters Team is pleased to present 165 Newport Street & 486 Chester Street — a two-building, two-story, redevelopment or mixed-use retail assemblage on a single Brownsville block. The corner building offers ground-floor retail with second-floor warehouse, paired with an adjacent garage/auto-repair structure. Delivered together, the ±7,200 SF assemblage suits an owner-user or an investor repositioning the space at a sub-$175/SF basis. With R6 zoning, and available neighboring agreements for light and air, a buyer could maximize the use of affordable UAP apartments here. Delivered Vacant
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
7,200 SF
Building Class
C
Year Built
1930
Price
$1,225,000
Price Per SF
$170.14
Cap Rate
11.47%
NOI
$140,564
Tenancy
Single
Building Height
2 Stories
Building FAR
1.80
Lot Size
0.09 AC
Zoning
R6 - Medium density residential district
Frontage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
• Full building opportunity • Ideal for single or multi-tenant occupancy • Prime industrial corridor
• Full building opportunity • Ideal for single or multi-tenant occupancy • Prime industrial corridor
| Space | Size | Space Use | Position | Available |
| 1st Floor | 3,500 SF | Retail | - | Now |
| 2nd Floor | 3,500 SF | Retail | - | Now |
1st Floor
| Size |
| 3,500 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
2nd Floor
| Size |
| 3,500 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Floor
| Size | 3,500 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
• Full building opportunity • Ideal for single or multi-tenant occupancy • Prime industrial corridor
2nd Floor
| Size | 3,500 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
• Full building opportunity • Ideal for single or multi-tenant occupancy • Prime industrial corridor
Exceptionally walkable
100/100
Challenging for drivers
10/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 03601-0001 | Improvements Assessment | $259,200 |
| Land Assessment | $72,000 | Total Assessment | $331,200 |
Property Taxes
Parcel Number
03601-0001
Land Assessment
$72,000
Improvements Assessment
$259,200
Total Assessment
$331,200
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
165 Newport St & 486 Chester Street | 165 Newport St