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501 Smith St 2,000 - 4,000 SF of Retail Space Available in Brooklyn, NY 11231
HIGHLIGHTS
- Surrounded by popular local businesses
- 60 ft wraparound frontage
- Ground floor vent-ready for cooking
- Steps from major transportation
- High ceilings and new bathrooms
- Corner retail space with large glass frontage
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,000 SF | 10-15 Years | $90.00 /SF/YR $7.50 /SF/MO $180,000 /YR $15,000 /MO | Triple Net (NNN) | ||
| 2nd Floor | 2,000 SF | 10-15 Years | $48.00 /SF/YR $4.00 /SF/MO $96,000 /YR $8,000 /MO | Triple Net (NNN) |
1st Floor
501 Smith Street offers prime corner retail space in the heart of Gowanus, Brooklyn. With immediate possession available, this property features expansive glass frontage, high ceilings, and newly renovated bathrooms. The ground floor is vent-ready for cooking, making it ideal for food service or retail concepts. Located steps from major transportation and surrounded by vibrant local businesses, this space is perfectly positioned for high visibility and foot traffic.
- Lease rate does not include utilities, property expenses or building services
- Ground Floor: Approx. 2,000 SF
- Second Floor: Approx. 2,000 SF
- 60 ft wraparound frontage
- 10–15 year lease term
- Ground floor vent-ready for cooking
- New bathrooms in place
2nd Floor
501 Smith Street offers prime corner retail space in the heart of Gowanus, Brooklyn. With immediate possession available, this property features expansive glass frontage, high ceilings, and newly renovated bathrooms. The ground floor is vent-ready for cooking, making it ideal for food service or retail concepts. Located steps from major transportation and surrounded by vibrant local businesses, this space is perfectly positioned for high visibility and foot traffic.
- Lease rate does not include utilities, property expenses or building services
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 4,000 SF | Gross Leasable Area | 4,200 SF |
| Property Type | Retail | Year Built/Renovated | 1931/2025 |
| Property Subtype | Bank |
| Total Space Available | 4,000 SF |
| Property Type | Retail |
| Property Subtype | Bank |
| Gross Leasable Area | 4,200 SF |
| Year Built/Renovated | 1931/2025 |
ABOUT THE PROPERTY
Situated at the corner of Smith and 9th Streets, 501 Smith Street presents an exceptional retail leasing opportunity in Gowanus, Brooklyn. The property boasts approximately 2,000 square feet on both the ground and second floors, each with high ceilings and abundant natural light from expansive glass windows. The ground floor is equipped for food service with venting capabilities, while both levels feature newly installed bathrooms. With a 60-foot wraparound frontage and immediate availability, this space is ideal for retailers or restaurateurs seeking a dynamic location in a thriving neighborhood. The property is easily accessible by public transit and is surrounded by a diverse mix of local businesses, enhancing its appeal for customers and clients.
NEARBY MAJOR RETAILERS
Contact the Leasing Agent
501 Smith St