396 Evergreen Avenue — Lease in Brooklyn, NY

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Brooklyn, NY 11221
  • Size: 4,370 SF

Description

Renovated building in the middle of the community ideal for childcare, not-for-profits, or medical

Market Context

This retail in Brooklyn, NY is listed for lease across 4,370 SF. It has been on the market for 53 days. Compare it against other retail listings for lease in Brooklyn, NY — view the full market.

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%.

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.
Is the New York City Area retail market tightening or softening?
Vacancy is around 4.2% (Q1 2026).

Estimated Market Rate

$2.57/SF/mo – $3.47/SF/mo

Mid: $3.02/SF/mo

Estimated total for 4,370 SF: $13,197 per month

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

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