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1288 Herkimer St
Brooklyn, NY 11233
Mixed-use Building · Retail Property For Sale
Investment Highlights
- Mixed-use building in the Ocean Hill section of Brooklyn.
- One commercial unit is occupied and can be delivered with a 5-year lease, and all other units will be delivered vacant.
- Close to major retailers including Dollar Tree, Dunkin', & Dollar General.
- Has 3,880 built SF on a 1,720 SF lot and consists of 2 commercial units and 2 residential units, with the residential units having been gutted.
- Located near the Rockaway Ave [C] Subway Station.
Executive Summary
Asset CRG Advisors, LLC, has been exclusively retained to market 1288 Herkimer St, a mixed-use building located in the Ocean Hill section of Brooklyn. The property consists of approximately 3,880 built square feet situated on a 1,720 square foot lot and is configured with two commercial units and two residential units, with the residential units having been gutted, offering a balanced mixed-use layout.
One commercial unit is occupied and can be delivered with a 5-year lease, while all other units will be delivered vacant, presenting an opportunity for immediate lease-up or repositioning. The property is conveniently located near the Rockaway Avenue [C] subway station and is surrounded by a mix of national and local retailers, including Dollar Tree, Dunkin’, and Dollar General, providing strong neighborhood amenities and consistent foot traffic.
One commercial unit is occupied and can be delivered with a 5-year lease, while all other units will be delivered vacant, presenting an opportunity for immediate lease-up or repositioning. The property is conveniently located near the Rockaway Avenue [C] subway station and is surrounded by a mix of national and local retailers, including Dollar Tree, Dunkin’, and Dollar General, providing strong neighborhood amenities and consistent foot traffic.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,880 SF
Building Class
C
Year Built
1924
Price
$2,043,229 CAD
Price Per SF
$526.61 CAD
Tenancy
Single
Building Height
3 Stories
Building FAR
2.26
Lot Size
0.04 AC
Zoning
R5 - Medium density district with a height limit of 40 feet.
Frontage
32’ on Herkimer Street
Property Taxes
| Parcel Number | 01567-0027 | Improvements Assessment | $393,962 CAD |
| Land Assessment | $115,945 CAD | Total Assessment | $509,907 CAD |
Property Taxes
Parcel Number
01567-0027
Land Assessment
$115,945 CAD
Improvements Assessment
$393,962 CAD
Total Assessment
$509,907 CAD
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