11214, New York Commercial Real Estate 0 Listings

11214, New York: A Premier Destination for Commercial Real Estate

Introduction

11214, New York, primarily known as Bensonhurst, is a vibrant neighborhood in Brooklyn with a unique commercial real estate (CRE) appeal. Covering approximately 3.4 square miles, this area stands out due to its diverse economy, bolstered by robust retail and light industrial sectors. Bensonhurst's strategic location within New York City offers unique opportunities for commercial real estate professionals, with demand driven by its proximity to major commercial centers and transportation hubs.

Economic and Industry Overview

Bensonhurst's economy is characterized by a diverse mix of retail, light manufacturing, and service industries. The neighborhood's thriving small businesses, ranging from family-owned shops to larger retail chains, create steady demand for retail and mixed-use properties. The light industrial sector is supported by a network of warehouses and manufacturing facilities that serve the broader New York City market.

Several regional economic development initiatives, such as those promoted by the New York City Economic Development Corporation, aim to enhance the area's economic landscape by supporting small businesses and encouraging sustainable development.

Strategic Location and Transportation Infrastructure

11214 is strategically positioned with access to major transportation infrastructure, including:

Highways: Proximity to the Belt Parkway enables efficient access to the greater New York metropolitan area.
Public Transit: The D and N subway lines provide direct routes to Manhattan and other parts of Brooklyn, enhancing accessibility for workers and consumers.
Ports and Airports: The neighborhood's accessibility to the Port of New York and New Jersey and nearby airports like John F. Kennedy International Airport facilitates logistics and distribution operations.

For detailed transportation information, visit the New York City Department of Transportation.

Commercial Real Estate Inventory & Zoning

Bensonhurst's commercial real estate market is diverse, encompassing various submarkets and asset classes:

Retail: Dominated by a mix of local and national retailers, with key corridors along 18th Avenue and 86th Street.
Industrial: Includes light manufacturing and warehouse spaces, primarily located near the Belt Parkway.
Mixed-Use Developments: Increasingly popular, combining residential units with ground-floor retail.

The New York City Zoning Maps provide detailed information on zoning changes and overlays that may impact development opportunities.

Major Employers and Institutions

The area's economy is supported by a diverse range of employers and institutions:

Retail Chains: Notable presences include Target and TJ Maxx.
Educational Institutions: Several public schools and specialized training centers contribute to local employment.
Healthcare Facilities: Centers like Maimonides Medical Center drive demand for office and medical space.

For a comprehensive business directory, visit the Brooklyn Chamber of Commerce.

Notable Commercial Developments & Projects

Recent developments in 11214 include mixed-use projects and public-private partnerships aimed at revitalizing commercial spaces. These initiatives often leverage Opportunity Zones to attract investment and spur economic growth.

For details on planning and developments, refer to the New York City Planning Department.

Building Permits, Planning, and Development Tools

For developers and investors, access to planning and development tools is essential:

Market Data & Economic Reports

Comprehensive market data can be accessed through resources like census.gov and the city's open data portal. Brevitas offers AI-powered insights and dashboards, providing users with up-to-date market intelligence and economic reports.