This Retail Property is no longer advertised on LoopNet.com.

589 Washington Ave
Brooklyn, NY 11238
PRIME PROSPECT HEIGHTS | 7.45% PROJECTED CAP · Retail Property For Sale

Investment Highlights

  • Perfect "Live Above Your Business" Opportunity!!
  • Projected 7.45% Cap Rate
  • Public Transportation is easily accessible
  • Newly Renovated
  • Prime Prospect Heights
  • Minutes From Barclays Center and Brooklyn Public Library

Property Facts

Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,190 SF
Building Class
C
Year Built/Renovated
1930/2018
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.68
Lot Size
0.03 AC
Zoning
R6A/C2-4 - R6A/C2-4 zoning in New York City is a combination of residential zoning (R6A) and a commercial overlay (C2-4
Frontage
14’ on Washington Ave

Amenities

  • Bus Line
  • Signage

About 589 WASHINGTON AVE , BROOKLYN, NY 11238

The Subject property is the perfect "Live Above Your Business" Opportunity!! The 1060 Sqft. Commercial Space and a Magnificent newly renovated Free Market Residential Unit above, will enable the dedicated proprietor to really be there for his business! Property can also be purchased as an investment with the projected income at $134,400, trading at a 7.45% Cap Rate. The property is literally minutes away from the all famous Barclays Center as well as the popular Brooklyn Public Library and Brooklyn Museum. It is Centrally located within walking distance to many Restaurants, shops, and Public Transportation Lines.

Property Taxes

Property Taxes

Parcel Number
01132-0010
Land Assessment
$4,860
Improvements Assessment
$101,820
Total Assessment
$106,680
  • Listing ID: 16867985

  • Date on Market: 8/9/2019

  • Last Updated:

  • Address: 589 Washington Ave, Brooklyn, NY 11238

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