Retail Business for Sale in Brooklyn, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Brooklyn, NY 11201

Description

15 Hanover Pl between Fulton St & Livingston Streets Over 9,000 sf of retail space for lease the the base of a 314-unit brand new residential building Available square footage 790 - 7,358 SF. Please contact us for further information.

Market Context

This retail in Brooklyn, NY is listed for sale. It has been on the market for 93 days. Compare it against other retail listings for sale in Brooklyn, NY — <a href="/search/sale/retail/new-york/brooklyn">view the full market</a>.

As of Q1 2026, the New York City Area retail market showed a 4.2% vacancy rate, average asking rents near $54.00/SF/yr, and cap rates around 6.2%. Source: Www.matthews.com Q1 2026 market report.

Tight vacancy keeps competition for quality space elevated.

Retail market FAQ

What is the typical cap rate for retail in New York City Area?
About 6.2% as of Q1 2026, per Www.matthews.com.
Is the New York City Area retail market tightening or softening?
Vacancy is around 4.2% (Q1 2026).

Unified Estimate

Medium Confidence

$376.18/SF – $508.96/SF

Mid: $442.57/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

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