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429-431 Columbia St 429 Columbia St 5,160 SF 67% Leased Retail Building Brooklyn, NY 11231 $5,400,000 ($1,046.51/SF)

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INVESTMENT HIGHLIGHTS

  • Fully Free Market: The properties are fully free market, with no history of rent regulation
  • Strong Pro-Forma NOI: Conservative proforma analysis suggests an NOI of approximately $306,000 ($158,000 per building) , upon full lease-up
  • Positioned along Columbia Street in the Columbia Waterfront District
  • Owner User Potential: Retail spaces will be delivered vacant, presenting the opportunity for a retail operator to occupy one or more of the units and
  • Mixed-Use Asset Profile: Residential units above commercial space provide diversified income streams and long-term demand from both tenants and owner-
  • Steps from Carroll Gardens, Cobble Hill, and Brooklyn Heights

EXECUTIVE SUMMARY

Broker of Record
Cory Rosenthal
License # 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,160 SF
Building Class
C
Year Built
1921
Price
$5,400,000
Price Per SF
$1,046.51
Percent Leased
67%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
3.09
Lot Size
0.04 AC
Zoning
R5 - Medium density district with a height limit of 40 feet
Frontage
40’ on Columbia St

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 1,670 SF
  • Retail
  • -
  • Now

Located at the intersection of Columbia Street, W 9th Street, and Huntington Street, 429 Columbia Street is a newly constructed retail asset in the heart of Red Hook—one of Brooklyn’s most eclectic and evolving waterfront neighborhoods. The building’s clean architectural lines and modern façade offer a fresh canvas for retail branding, while its corner positioning ensures strong visibility and natural foot traffic. Red Hook is known for its blend of industrial heritage and creative energy, attracting a mix of artisanal businesses, independent retailers, and destination dining. The property is surrounded by a diverse tenant mix including Columbia Deli, Empire Foods, D’Amico Coffee Roasters, and CTown Supermarkets, contributing to a vibrant local ecosystem. Transit access is robust, with the Smith–9 Sts and Carroll St stations (F, G lines) within walking distance, and Atlantic Terminal (LIRR) just a short drive away. The site is also well-connected to LaGuardia, JFK, and Newark Liberty airports, making it accessible for regional logistics and customer reach. Demographically, the area supports strong retail fundamentals, with a population of over 46,000 and a median household income of approximately $107,700. The surrounding blocks are home to a mix of residential buildings, creative studios, and community institutions, offering a built-in customer base for retail operators. This location is ideal for brands seeking a foothold in a neighborhood that blends authenticity, accessibility, and growth potential.

Space Size Space Use Position Available
1st Floor 1,670 SF Retail - Now

1st Floor

Size
1,670 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 1,670 SF
Space Use Retail
Position -
Available Now

Located at the intersection of Columbia Street, W 9th Street, and Huntington Street, 429 Columbia Street is a newly constructed retail asset in the heart of Red Hook—one of Brooklyn’s most eclectic and evolving waterfront neighborhoods. The building’s clean architectural lines and modern façade offer a fresh canvas for retail branding, while its corner positioning ensures strong visibility and natural foot traffic. Red Hook is known for its blend of industrial heritage and creative energy, attracting a mix of artisanal businesses, independent retailers, and destination dining. The property is surrounded by a diverse tenant mix including Columbia Deli, Empire Foods, D’Amico Coffee Roasters, and CTown Supermarkets, contributing to a vibrant local ecosystem. Transit access is robust, with the Smith–9 Sts and Carroll St stations (F, G lines) within walking distance, and Atlantic Terminal (LIRR) just a short drive away. The site is also well-connected to LaGuardia, JFK, and Newark Liberty airports, making it accessible for regional logistics and customer reach. Demographically, the area supports strong retail fundamentals, with a population of over 46,000 and a median household income of approximately $107,700. The surrounding blocks are home to a mix of residential buildings, creative studios, and community institutions, offering a built-in customer base for retail operators. This location is ideal for brands seeking a foothold in a neighborhood that blends authenticity, accessibility, and growth potential.

Walk Score®
Very Walkable (86)
Transit Score®
Excellent Transit (79)
Bike Score®
Biker's Paradise (94)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

HOTWORX
CTown
Cora Inc
Chase Bank
Citi
TD Bank
Apple Bank
Key Food
Retro Fitness
Tiger Schulmann's Martial Arts

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
00534-0006
Land Assessment
$5,640
Improvements Assessment
$55,980
Total Assessment
$61,620
  • Listing ID: 39193843

  • Date on Market: 1/23/2026

  • Last Updated:

  • Address: 429 Columbia St, Brooklyn, NY 11231

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