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Zoned R6A / C2-4 388 Nostrand Ave

11,250 SF Office Building Brooklyn, NY 11216 $7,500,000 ($667/SF)

Investment Highlights

  • High foot traffic and visibility
  • Close to all conveniences and hot spots
  • Attached to an available vacant lot with opportunity for expansion
  • Close to subway, bus lines and highways
  • Huge Corner property with extensive property frontage
  • Potential Tax Advantages

Executive Summary

GEM IN BUSTLING BEDSTUY NEAR TRAINS AND ALL CONVENIENCES!!!
This is a remarkable Newly Renovated Romanesque Revival historic building consisting of two (potentially three) retail units (approx. 2500 SF) on the ground floor and huge spaces on the second and third floors (approx. 7500 SF) plus over 1000 SF of usable space in basement. The building is equipped with ultra-modern finishes yet preserving original details. There are 28-foot vaulted ceilings as well as new over-sized windows, new ceramic tiles and ceiling fans. The building is ADA compliant and equipped with a brand-new passenger elevator, multiple bathrooms on each floor, brand new state of the art security gates and two stairwells, one at each side of the building. The new AC/Heating system is electric and there are separate gas and electric meters for each space. Additionally, there are new gas space heaters on each floor. The space can easily be vented. The basement is very spacious with high ceilings and three storage rooms. The property boasts approximately 130 feet of wrap-around frontage. The property is surrounded by new residential and mixed-use development projects that are driving strong pricing growth. It has the potential for commercial condo development for those seeking lower renovation costs. The property can be expanded via a bundle deal with the available adjacent lot/development site (1875 SF with 5625 BSF) for an additional 2M, negotiable.
DON'T MISS THIS UNIQUE OPPORTUNITY TO OWN IN RAPIDLY FLOURISHING BED-STUY!
This property is located within an Opportunity Zone, allowing investors to maximize their potential benefits such as Tax Advantages and significant Property Value Appreciation due to development and revitalization.
LOCATION HOT SPOTS: Bedford-Nostrand Ave subway, Brooklyn Botanical Gardens, Bklyn Children's Museum, Home Depot, Herbert Von King Park, Medgar Evers College, Pratt Institute, Blink Fitness, Planet Fitness
PERFECT SPACE FOR CONDO DEVELOPMENT, MEDICAL OFFICE, URGENT CARE, DAYCARE/SENIORCARE CENTER, GYM, SPA SALON, RESTAURANT/CAFE, JUICE BAR, PIZZA SHOP, BAGEL SHOP, WEDDING CENTER, NON-PROFIT, BUSINESS OFFICE, THEATER, THRIFT SHOP, BOOK STORE, LEARNING CENTER OR SCHOOL, PRODUCE MARKET, FAST FOOD, PHARMACY & MORE! NEGOTIABLE! SEND IN YOUR OFFER TODAY!

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
11,250 SF
Building Class
B
Year Built/Renovated
1931/2016
Price
$7,500,000
Price Per SF
$667
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
3,750 SF
Building FAR
2.87
Land Acres
0.09 AC
Opportunity Zone
Yes
Zoning
R6A - Medium density residential district R6A/ C2-4

Amenities

  • 24 Hour Access
  • Bus Line
  • Metro/Subway
  • Restaurant
  • Wheelchair Accessible
  • Storage Space
  • Basement
  • High Ceilings
  • Natural Light
  • Open-Plan
  • Air Conditioning
  • Smoke Detector

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 1,500 SF
  • Office/Retail
  • Shell Space
  • Now

DON'T MISS THIS OPPORTUNITY TO DO BUSINESS IN RAPIDLY FLOURISHING BED-STUY! 1500 square feet + basement GROUND FLOOR SPACE COMPLETELY RENOVATED HISTORIC BUILDING. LARGE CLEAN SPACE WITH HIGH CEILINGS AND HUGE FLOOR TO CEILING WINDOWS OFFERING EXCELLENT EXPOSURE AND HEAVY FOOT TRAFFIC. DESIRABLE LOCATION OFF THE CORNER OF 2 BUSY AVENUES. NEAR HIGHWAYS AND PUBLIC TRANSPORTATION. BASEMENT WITH HIGH CEILING AND STORAGE ROOM INCLUDED, AS WELL AS RESTROOM AND PROFESSIONAL AUTOMATIC SECURITY GATES. BRAND NEW SPLIT AC/HEATING SYSTEM IN PLACE. SPACE CAN BE VENTED. OPTIONAL BACK OUTDOOR SPACE FOR ADDITIONAL RENT. CUSTOMIZE THIS GEM OF A SPACE AND MAKE IT YOUR OWN. LOCATION HOT SPOTS: Home Depot, Bklyn Children's Museum, Herbert Von King Park, Bedford-Nostrand Ave train stations, Medgar Evers College, Brooklyn Botanical Gardens, Pratt Institute, YMCA, Blink Fitness, Planet Fitness PERFECT SPACE FOR MEDICAL OFFICE, URGENT CARE, DAYCARE/SENIORCARE CENTER, GYM, SPA SALON, RESTAURANT/CAFE WITH GARDEN OUTDOOR SPACE, JUICE BAR, PIZZA SHOP, BAGEL SHOP, WEDDING CENTER, BUSINESS OFFICE, BOOK STORE, PRODUCE MARKET, FAST FOOD, LEARNING CENTER, PHARMACY & MORE! WON'T LAST MAKE AN APPT FOR A PRIVATE TOUR TODAY.

  • 2nd Floor
  • 3,750 SF
  • Office/Retail
  • Shell Space
  • Now

DON'T MISS THE OPPORTUNITY TO LEASE THIS SPACE AND DO BUSINESS IN RAPIDLY FLOURISHING BED-STUY! This is a remarkable Romanesque Revival historic building with a space available on the second floor (approx. 3750 SF). The building is newly renovated with ultra-modern finishes yet preserving original details. There are vaulted 20-28 ft ceilings as well as new over-sized windows, new ceramic tiles and ceiling fans. The building is ADA compliant and equipped with a brand-new passenger elevator, multiple bathrooms, and two stairwells, one at each side of the building. There is a new AC/Heating system and there are separate gas and electric meters for each space. The property boasts approximately 130 feet of wrap-around frontage. LOCATION HOT SPOTS: Bedford-Nostrand Ave train stations, Brooklyn Botanical Gardens, Bklyn Children's Museum, Home Depot, Herbert Von King Park, Medgar Evers College, Pratt Institute, YMCA & more... PERFECT SPACE FOR: SHARED OFFICE SPACE, MEDICAL OFFICE, URGENT CARE, DAYCARE/SENIORCARE CENTER, BANK, DEPARTMENT STORE, GYM OR FITNESS CENTER, SPA SALON, RESTAURANT/CAFE, WEDDING CENTER, LEARNING CENTER OR SCHOOL, NON-PROFIT, BUSINESS OFFICE, THRIFT SHOP, BOOK STORE, PHARMACY, WAREHOUSE & MORE! WON'T LAST MAKE AN APPT FOR A PRIVATE TOUR TODAY.

  • 3rd Floor
  • 3,750 SF
  • Office/Retail
  • Shell Space
  • Now

DON'T MISS THE OPPORTUNITY TO LEASE THIS SPACE AND DO BUSINESS IN RAPIDLY FLOURISHING BED-STUY! This is a remarkable Romanesque Revival historic building with a space available on the third floor (approx. 3750 SF). The building is newly renovated with ultra-modern finishes yet preserving original details. There are vaulted 20-28 ft ceilings as well as new over-sized windows, new ceramic tiles and ceiling fans. The building is ADA compliant and equipped with a brand-new passenger elevator, multiple bathrooms, and two stairwells, one at each side of the building. There is a new AC/Heating system and there are separate gas and electric meters for each space. The property boasts approximately 130 feet of wrap-around frontage. LOCATION HOT SPOTS: Bedford-Nostrand Ave train stations, Brooklyn Botanical Gardens, Bklyn Children's Museum, Home Depot, Herbert Von King Park, Medgar Evers College, Pratt Institute, YMCA & more... PERFECT SPACE FOR: SHARED OFFICE SPACE, MEDICAL OFFICE, URGENT CARE, DAYCARE/SENIORCARE CENTER, BANK, DEPARTMENT STORE, GYM OR FITNESS CENTER, SPA SALON, RESTAURANT/CAFE, WEDDING CENTER, LEARNING CENTER OR SCHOOL, NON-PROFIT, BUSINESS OFFICE, THRIFT SHOP, BOOK STORE, PHARMACY, WAREHOUSE & MORE! WON'T LAST MAKE AN APPT FOR A PRIVATE TOUR TODAY.

Space Size Space Use Condition Available
1st Floor 1,500 SF Office/Retail Shell Space Now
2nd Floor 3,750 SF Office/Retail Shell Space Now
3rd Floor 3,750 SF Office/Retail Shell Space Now

1st Floor

Size
1,500 SF
Space Use
Office/Retail
Condition
Shell Space
Available
Now

2nd Floor

Size
3,750 SF
Space Use
Office/Retail
Condition
Shell Space
Available
Now

3rd Floor

Size
3,750 SF
Space Use
Office/Retail
Condition
Shell Space
Available
Now

1st Floor

Size 1,500 SF
Space Use Office/Retail
Condition Shell Space
Available Now

DON'T MISS THIS OPPORTUNITY TO DO BUSINESS IN RAPIDLY FLOURISHING BED-STUY! 1500 square feet + basement GROUND FLOOR SPACE COMPLETELY RENOVATED HISTORIC BUILDING. LARGE CLEAN SPACE WITH HIGH CEILINGS AND HUGE FLOOR TO CEILING WINDOWS OFFERING EXCELLENT EXPOSURE AND HEAVY FOOT TRAFFIC. DESIRABLE LOCATION OFF THE CORNER OF 2 BUSY AVENUES. NEAR HIGHWAYS AND PUBLIC TRANSPORTATION. BASEMENT WITH HIGH CEILING AND STORAGE ROOM INCLUDED, AS WELL AS RESTROOM AND PROFESSIONAL AUTOMATIC SECURITY GATES. BRAND NEW SPLIT AC/HEATING SYSTEM IN PLACE. SPACE CAN BE VENTED. OPTIONAL BACK OUTDOOR SPACE FOR ADDITIONAL RENT. CUSTOMIZE THIS GEM OF A SPACE AND MAKE IT YOUR OWN. LOCATION HOT SPOTS: Home Depot, Bklyn Children's Museum, Herbert Von King Park, Bedford-Nostrand Ave train stations, Medgar Evers College, Brooklyn Botanical Gardens, Pratt Institute, YMCA, Blink Fitness, Planet Fitness PERFECT SPACE FOR MEDICAL OFFICE, URGENT CARE, DAYCARE/SENIORCARE CENTER, GYM, SPA SALON, RESTAURANT/CAFE WITH GARDEN OUTDOOR SPACE, JUICE BAR, PIZZA SHOP, BAGEL SHOP, WEDDING CENTER, BUSINESS OFFICE, BOOK STORE, PRODUCE MARKET, FAST FOOD, LEARNING CENTER, PHARMACY & MORE! WON'T LAST MAKE AN APPT FOR A PRIVATE TOUR TODAY.

2nd Floor

Size 3,750 SF
Space Use Office/Retail
Condition Shell Space
Available Now

DON'T MISS THE OPPORTUNITY TO LEASE THIS SPACE AND DO BUSINESS IN RAPIDLY FLOURISHING BED-STUY! This is a remarkable Romanesque Revival historic building with a space available on the second floor (approx. 3750 SF). The building is newly renovated with ultra-modern finishes yet preserving original details. There are vaulted 20-28 ft ceilings as well as new over-sized windows, new ceramic tiles and ceiling fans. The building is ADA compliant and equipped with a brand-new passenger elevator, multiple bathrooms, and two stairwells, one at each side of the building. There is a new AC/Heating system and there are separate gas and electric meters for each space. The property boasts approximately 130 feet of wrap-around frontage. LOCATION HOT SPOTS: Bedford-Nostrand Ave train stations, Brooklyn Botanical Gardens, Bklyn Children's Museum, Home Depot, Herbert Von King Park, Medgar Evers College, Pratt Institute, YMCA & more... PERFECT SPACE FOR: SHARED OFFICE SPACE, MEDICAL OFFICE, URGENT CARE, DAYCARE/SENIORCARE CENTER, BANK, DEPARTMENT STORE, GYM OR FITNESS CENTER, SPA SALON, RESTAURANT/CAFE, WEDDING CENTER, LEARNING CENTER OR SCHOOL, NON-PROFIT, BUSINESS OFFICE, THRIFT SHOP, BOOK STORE, PHARMACY, WAREHOUSE & MORE! WON'T LAST MAKE AN APPT FOR A PRIVATE TOUR TODAY.

3rd Floor

Size 3,750 SF
Space Use Office/Retail
Condition Shell Space
Available Now

DON'T MISS THE OPPORTUNITY TO LEASE THIS SPACE AND DO BUSINESS IN RAPIDLY FLOURISHING BED-STUY! This is a remarkable Romanesque Revival historic building with a space available on the third floor (approx. 3750 SF). The building is newly renovated with ultra-modern finishes yet preserving original details. There are vaulted 20-28 ft ceilings as well as new over-sized windows, new ceramic tiles and ceiling fans. The building is ADA compliant and equipped with a brand-new passenger elevator, multiple bathrooms, and two stairwells, one at each side of the building. There is a new AC/Heating system and there are separate gas and electric meters for each space. The property boasts approximately 130 feet of wrap-around frontage. LOCATION HOT SPOTS: Bedford-Nostrand Ave train stations, Brooklyn Botanical Gardens, Bklyn Children's Museum, Home Depot, Herbert Von King Park, Medgar Evers College, Pratt Institute, YMCA & more... PERFECT SPACE FOR: SHARED OFFICE SPACE, MEDICAL OFFICE, URGENT CARE, DAYCARE/SENIORCARE CENTER, BANK, DEPARTMENT STORE, GYM OR FITNESS CENTER, SPA SALON, RESTAURANT/CAFE, WEDDING CENTER, LEARNING CENTER OR SCHOOL, NON-PROFIT, BUSINESS OFFICE, THRIFT SHOP, BOOK STORE, PHARMACY, WAREHOUSE & MORE! WON'T LAST MAKE AN APPT FOR A PRIVATE TOUR TODAY.

Walk Score ®
Walker's Paradise (93)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (82)
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.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01807-0056
Land Assessment
$17,550
Improvements Assessment
$747,000
Total Assessment
$764,550
  • Listing ID: 31520841

  • Date on Market: 4/16/2024

  • Last Updated:

  • Address: 388 Nostrand Ave, Brooklyn, NY 11216

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