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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)



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
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
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
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.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 00534-0006 | Improvements Assessment | $55,980 |
| Land Assessment | $5,640 | Total Assessment | $61,620 |
PROPERTY TAXES
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429-431 Columbia St | 429 Columbia St
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