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327 Douglass St 6,000 SF Retail Building Brooklyn, NY 11217 $5,800,000 ($966.67/SF)
Investment Highlights
- 327 Douglass Street is a single-level building with high ceilings, exposed beams, and flexible layouts for retail, office, showroom, or creative use.
- Opportunity Zone designation provides qualified investors potential federal capital gains tax benefits in one of Brooklyn's most active corridors.
- Located steps from Barclays Center and Atlantic Terminal, benefiting from heavy foot traffic, excellent transit access, and prime Brooklyn visibility.
- Features include oversized entryways, wide corridors, multiple restrooms, and a kitchenette, supporting diverse tenant needs in a dynamic setting.
Executive Summary
Formerly home to the School of Rock, the commercial asset features a flexible footprint with up to 14-foot ceilings, exposed beams, oversized entryways, wide corridors, multiple restrooms, and a kitchenette. The building offers 82 feet of frontage and expansive display windows that flood the interior with natural light, creating an ideal canvas for retail, showroom, office, creative, or educational use. Built out with 10 soundproof rooms and a ground-floor stage, the space is primed for repositioning or redevelopment. Located within a federally designated Opportunity Zone, the asset provides qualified investors with potential federal capital gains tax benefits, reinforcing its strong long-term upside.
Positioned just steps from Barclays Center and Atlantic Terminal, 327 Douglass Street benefits from exceptional infrastructure and seamless connectivity via multiple MTA subway lines and the LIRR. The in-line retail location sits along one of Brooklyn’s most active commercial corridors, surrounded by national and neighborhood anchors including Starbucks, Whole Foods Market, and Ninth Street Espresso. Nearly 500,000 residents live within a 2-mile radius, generating approximately $6.4 billion in annual consumer spending with a median household income of $108,000. Strong pedestrian flow, steady vehicle traffic, and dense surrounding development create a dynamic environment that supports sustained commercial demand.
Downtown Brooklyn and Fort Greene continue to demonstrate durable market fundamentals, with consistent demand for high-quality commercial space driven by residential growth, institutional investment, and retail expansion. 327 Douglass Street offers a rare opportunity to reposition a well-located asset in one of New York City’s most vibrant corridors. As Brooklyn’s commercial landscape continues to evolve, this asset provides a strategic platform for investors or owner/users seeking scale, frontage, and enduring market strength.
Buyer to conduct all due diligence. Caveat emptor. Please reference code S327 for sale inquiries. Email inquiries only. No phone calls.
Property Facts
Amenities
- Signage
- Tenant Controlled HVAC
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Turnkey studio and podcast facility featuring 10 soundproof rooms, a ground-floor stage, and no ADA issues. This 6,000-square-foot commercial property offers 82 feet of frontage and a functional single-level layout. Previously a music school, the space is ideal for retail, showroom, office, or creative use. It includes high ceilings, exposed brick, wide corridors, multiple restrooms, and a kitchenette. Tenant improvement concessions are available to help customize the space for your business. With its prime location, flexible layout, and strong neighborhood activity. Longer leases are available.
| Space | Size | Space Use | Position | Available |
| Retail/Office | 6,000 SF | Office/Retail | In-Line | Now |
Retail/Office
| Size |
| 6,000 SF |
| Space Use |
| Office/Retail |
| Position |
| In-Line |
| Available |
| Now |
Retail/Office
| Size | 6,000 SF |
| Space Use | Office/Retail |
| Position | In-Line |
| Available | Now |
Turnkey studio and podcast facility featuring 10 soundproof rooms, a ground-floor stage, and no ADA issues. This 6,000-square-foot commercial property offers 82 feet of frontage and a functional single-level layout. Previously a music school, the space is ideal for retail, showroom, office, or creative use. It includes high ceilings, exposed brick, wide corridors, multiple restrooms, and a kitchenette. Tenant improvement concessions are available to help customize the space for your business. With its prime location, flexible layout, and strong neighborhood activity. Longer leases are available.
About North Brooklyn
The North Brooklyn neighborhood includes the popular millennial enclaves of Williamsburg and Greenpoint and extends south to include Gowanus, and Prospect Lefferts Gardens. Historically a residential and industrial area, North Brooklyn's landscape has been altered by the many commercial projects that have broken ground in recent years.
This wave of supply speaks to the shifting demographics in Brooklyn, with developers betting that the robust multifamily demand continues—particularly in Williamsburg and Bushwick—and spurs a corresponding need for office and retail space. The workforce here is largely made up of both highly educated and well-compensated residents.
Demographics
Demographics
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Papa John's | - | - | 2 min walk |
| Medusa NYC | Mediterranean | $$$ | 5 min walk |
| Abbbotsford Road Coffee Specialist | Cafe | $ | 5 min walk |
| Union Street Pizza | Pizza | $ | 4 min walk |
| Wangs Fried Chicken | Wings | $ | 5 min walk |
| Taheni Mediterranean Grill | Middle Eastern | $$$ | 4 min walk |
| Jersey Mike's Subs | - | - | 5 min walk |
| Beer Garage | American | $$$ | 4 min walk |
| Mulino Ristorante | Italian | $$ | 5 min walk |
| Bogota Latin Bistro | Bistro | $$ | 5 min walk |
Retail |
||
|---|---|---|
| F45 Training, Inc. | Fitness | 2 min walk |
| Allstate Insurance Company | Insurance | 2 min walk |
| WW | Fitness | 3 min walk |
| Goldfish Swim School | Fitness | 3 min walk |
| The UPS Store | Business/Copy/Postal Services | 5 min walk |
| CrossFit | Fitness | 6 min walk |
| CVS Pharmacy | Drug Store | 6 min walk |
| Lidl | Supermarket | 6 min walk |
| Blink Fitness | Fitness | 6 min walk |
| Pure Barre | Fitness | 6 min walk |
Hotels |
|
|---|---|
| Holiday Inn Express |
115 rooms
2 min drive
|
| Fairfield Inn |
133 rooms
2 min drive
|
| Sonder by Marriott Bonvoy |
76 rooms
1 min drive
|
| TownePlace Suites |
112 rooms
2 min drive
|
| Tru by Hilton |
101 rooms
2 min drive
|
| EVEN Hotels |
202 rooms
4 min drive
|
| Ace Hotel |
287 rooms
4 min drive
|
| JdV by Hyatt |
104 rooms
5 min drive
|
| Holiday Inn |
245 rooms
5 min drive
|
| La Quinta Inns & Suites |
72 rooms
5 min drive
|
Property Taxes
| Parcel Number | 00413-0047 | Improvements Assessment | $208,350 |
| Land Assessment | $67,500 | Total Assessment | $275,850 |
Property Taxes
Presented by
327 Douglass St
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