Blue Listings from CoStar are offered to broker professionals like you. Blue pins are NOT shown to the millions of regular LoopNet users.
Brooklyn Shopping Centers for Sale
- 1
1-1 of 1
Shopping Centers For Sale in Brooklyn
Brooklyn is a notable borough of New York City and it offers a diverse culture, strong economy, and comprehensive infrastructure, making it a prime location for CRE investing. As the most populous borough located at the west end of Long Island, Brooklyn provides significant advantages for retail operations. Its extensive transportation network, connecting it to Manhattan through various bridges and tunnels, guarantees easy access and considerable foot traffic, crucial for shopping center success. The presence of educational institutions like Brooklyn College and the New York City College of Technology brings a constant flow of young, educated shoppers. The geography, with its borders along significant water bodies, also makes Brooklyn an attractive shopping destination with beautiful views and waterfront access.
Shopping Centers in Brooklyn enjoy the benefits of a densely populated area and a diverse population, assuring a steady customer base. The close distance to higher education institutions and cultural attractions such as the Brooklyn Museum and the Brooklyn Botanic Garden increases the area's foot traffic from both residents and tourists. In addition to shopping centers, Apartment Buildings are common, creating a vibrant community. Restaurants throughout the area enhance the appeal, drawing in more visitors, while Specialty Properties and Office Space contribute to the local economy, attracting professionals and businesses. Additionally, if you're an investor and considering a "like-kind" property for a 1031 exchange, Brooklyn has properties that could meet your requirements.
Learn About Shopping Centers For Sale in Brooklyn
How many shopping centers listings are available for sale in Brooklyn?
There are currently 1 shopping centers listings available for sale in Brooklyn.
What factors should I consider when searching for shopping centers for sale in Brooklyn, NY?
When considering shopping centers for sale in Brooklyn, NY, it's important to evaluate a few critical aspects to ensure your investment aligns with your business goals. The following points are especially relevant:
- Examine the economic landscape of Brooklyn, including the shift from manufacturing to service-based industries and the presence of high-tech startups, to understand the potential customer base for your shopping center.
- Consider the proximity to key infrastructure and amenities, such as the extensive public transportation network and the Brooklyn Navy Yard, which can affect foot traffic and accessibility for customers and employees.
- Analyze the location and visibility of the property, ensuring it's situated in an area with high foot or vehicle traffic and is easily accessible through major roads or public transport routes.
How much does it cost to buy a shopping center in Brooklyn?
The cost to buy a shopping center in Brooklyn varies, reflecting the diverse market and property sizes. The average price per square foot for shopping centers is $348, with an average size of 2,878 SF.
What is the largest shopping center available to buy in Brooklyn?
The largest shopping center available to buy features 2,900 SF.
Why is Brooklyn an ideal location for shopping centers for sale?
Brooklyn's extensive transport system, vibrant economy, and diverse population of over 2,700,000 residents make it a prime location for shopping centers.
Size Summary For Brooklyn Shopping Centers
| Shopping Center Size | Square Feet |
|---|---|
| Maximum | 2,900 SF |
| Average | 2,878 SF |
| Minimum | 2,855 SF |
Cap Rate for Brooklyn Shopping Centers
| Shopping Center Cap Rate | Cap Rate Percentage |
|---|---|
| Maximum | 4.24% |
| Average | 4.24% |
| Minimum | 4.24% |
Prices for Brooklyn Shopping Centers
| Shopping Center Price | Price Per SF |
|---|---|
| Maximum | $665 Per SF |
| Average | $348 Per SF |
| Minimum | $30 Per SF |
Draw your search area by dragging a shape on the map
Set your search radius by dragging outward from a point on the map
Loading...
Find More Properties
You have been searching for {{saveSearchForm.categorySearchLabel}}. Login to save your search and get additional properties emailed to you.
OR
This alert already exists
Too many reports selected
You may only select up to 100 properties at a time. Select a smaller number of properties and re-run the report.
Attention!