Retail Business for Sale in Brooklyn, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Brooklyn, NY 11205

Description

The subject offering is a 1,700 square foot, 100 percent occupied retail condo located at the base of a 25-unit residential condominium constructed brand-new in 2015. The unit is located on Myrtle Avenue, between Grand Avenue and Steuben Street, right in the heart of Clinton Hill’s most heavily traveled retail corridor. The offering consists of 1,700 square feet of ground floor retail space and 200 additional square feet in the lower level (1,900 square feet total). The entire space is leased to CKO Kickboxing, a fitness and kickboxing studio with 65+ locations throughout New York and New Jersey. CKO has a ten-year lease that runs through December 31, 2035, with 3.5 percent annual increases. CKO reimburses 100 percent of the real estate taxes above their base-year (2027/2028). CKO has been at this location since 2018. The property benefits from a 25-year ICAP Tax Abatement which began in 2018 and runs through June 30, 2043. The real estate taxes, without the abatement, would be $22,306. Myrtle Avenue is the most heavily traveled retail corridor in Clinton Hill. The site is surrounded by local and national retailers, and the site benefits from incredibly strong foot traffic. There are thousands of housing units within a few blocks of the subject property, as well as three different universities that total 18,150 undergraduate students. The site sits directly across the street from the dorms for Pratt Institute, a private university with over 5,100 students and over 1,000 staff members. This is a sub-$2 million opportunity to acquire a minimal management retail asset that is fully leased to a growing regional brand, in a dynamic and heavily desirable part of Downtown Brooklyn. Investment Highlights: • Fully Occupied Retail Condo at the Base of a 25-Unit Residential Condominium Located on a Prime Myrtle Avenue Location in the Heart of the Best Retail Corridor in Clinton Hill. • Leased to CKO Kickinboxing (65+ locations) on a new 10-Year Lease Through 2035. CK

Market Context

This retail in Brooklyn, NY is listed for sale. It is offered at an approximate 7.0% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 68 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.

Its 7.0% asking cap rate is above the New York City Area retail market average of about 6.2%, implying a higher yield (and typically more risk or upside) than comparable assets. 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

$369.99/SF – $500.57/SF

Mid: $435.28/SF

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

Contact

  • Scott Plasky
  • Alexander Arustamian

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