Retail space for sale in Sheepshead Bay
Sheepshead Bay's best-known commercial strip is Emmons Avenue on the bay, lined with seafood restaurants across from the piers where fishing boats tie up, with neighborhood shops on Sheepshead Bay Road by the B and Q station. Larger retail, office and warehouse buildings sit on Nostrand Avenue, Ocean Avenue and Knapp Street, which meets the Belt Parkway.
- Retail stock
- 1.5M SF
- Retail properties
- 268
- Largest retail
- 3861 Nostrand Avenue
- Transit
- B Q at Sheepshead Bay
Building figures are existing stock from NYC PLUTO 26v2 tax lot records, not space on the market. More below.
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NYC Department of Finance filings
Income and expenses per square foot: retail buildings in Brooklyn
In 2024, 2,856 Brooklyn retail properties filed income statements with the city. Their median gross income was $33.16 per square foot, and the middle half collected between $22.30 and $48.57. Their median operating expense was $7.15 per square foot. The typical property's income was up 1.7% on 2023. The city publishes these figures by borough, not by neighborhood, so they cover Brooklyn as a whole.
Gross income per square foot, 2024
Brooklyn retail buildings
- Median gross income
- $33.16/SF
- Middle half
- $22.30 to $48.57
- Median operating expense
- $7.15/SF
- Typical change on 2023
- +1.68%
- Citywide median
- $36.07/SF
- Filings
- 2,856
Source: NYC Department of Finance, FY 2027 RPIE 2024 Income and Expense Distributions (FY 2027 assessment roll, published January 2026), page 16. Owners of income-producing properties file a Real Property Income and Expense statement each year; gross income is everything a property collected in 2024 per square foot, as filed, with outlier and partial-year filers left out. It includes vacant space, concessions and older leases, so it is not an asking rent.
NYC tax lot records
Retail buildings in Sheepshead Bay
What already stands here, from the city's own property data. Useful for sizing a search before a single space is listed.
- Retail space
- 1.5M SF
- Properties with retail space
- 268
- All commercial space
- 4.1M SF
- Built before 1940
- 51%
Largest retail buildings
All 10 large commercial buildings in Sheepshead BayAge, height and zoning
- Median year built: 1935.
- Median height: 2 floors.
- Most common zoning districts: R4 (179), C4-2 (76), R5 (60).
- 1 lot is designated city landmarks.
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16. Counts cover tax lots with commercial floor area within about 0.6 mi of Sheepshead Bay's commercial core, and each lot counts toward one neighborhood only, so boundaries are approximate. Building figures are the city's floor-area estimates, not available space.
MTA station data
Subway stations in Sheepshead Bay
Every station within about 0.6 mi of Sheepshead Bay's commercial core, closest first. Stations joined by a free transfer count once.
- Stations
- 1
- Subway lines
- 2
- Fully accessible
- 1 of 1
- Closest
- Sheepshead Bay, 10 min walk
The station
- Sheepshead Bay
Lines
The B and Q trains stop within about 0.6 mi of Sheepshead Bay's core.
Step-free access
- Sheepshead Bay (B Q) is fully accessible.
Source: Metropolitan Transportation Authority, MTA Subway Stations, pulled 2026-10-16. Walking times are straight-line estimates from the nearest point of Sheepshead Bay's commercial core (the same area as the building counts), so the street route is longer. Accessibility is the MTA's rating for the named station. PATH, LIRR, Metro-North and ferries are not in this data.
NYC property records (ACRIS)
Recent retail building sales in Sheepshead Bay
2 sales of the large retail buildings Leasemark tracks in Sheepshead Bay have been recorded since 2016, $65.9 million in all.
Newest sales
Since 2016
- Largest: 3861 Nostrand Avenue, $38.3 million in December 2018.
- Newest deed on record: August 2019. The city's open data runs about a month behind.
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-16; prices as the deeds state them, buyers named only when they are companies. These are sales of the large buildings Leasemark tracks, not every sale here: condo buildings (sold unit by unit), partial interests and sales of the company that owns a building are left out.
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Questions about retail space in Sheepshead Bay
Is there retail space for sale in Sheepshead Bay right now?
No retail space for sale in Sheepshead Bay is listed on Leasemark right now. Post what you want to buy and Leasemark matches you the day a space that fits is listed; your contact details stay private until you accept an intro. Owners and brokers can list a space here for free.
How much does retail space cost in Sheepshead Bay?
Leasemark has no asking prices posted here yet, so here are the city's own numbers. Owners of retail buildings in Brooklyn reported a median $33.16 of gross income and $7.15 of operating expense per square foot for 2024 (middle half of income: $22.30 to $48.57), according to the income and expense statements owners file with the NYC Department of Finance (FY 2027 distributions, 2,856 filings). The city publishes these figures by borough, so this is Brooklyn as a whole, not Sheepshead Bay alone. That is what buildings actually collected, with vacant space, concessions and leases signed years ago in the mix, so it is a baseline rather than a quote: a specific space's price depends on the building's class, floor, condition and the length of the lease.
How do I find retail space in Sheepshead Bay that is not publicly listed?
Post a requirement on Leasemark. Owners and listing brokers see what you need (without your contact details) and can respond with spaces, including ones that are not on the market yet. You choose who gets an intro.
How much retail space is there in Sheepshead Bay?
New York City's PLUTO tax lot data (26v2) records about 1.5 million square feet of retail floor area across 268 properties in the part of Sheepshead Bay Leasemark covers. The largest by that measure is 3861 Nostrand Avenue, at about 81,000 square feet. That is the existing building stock, not space currently for sale.
What subway lines serve Sheepshead Bay?
One subway station sits within about 0.6 mi of Sheepshead Bay's commercial core: Sheepshead Bay, served by the B and Q trains, roughly 10 minutes on foot. Walking times are straight-line estimates from MTA station data.
Is it free to post on Leasemark?
Yes. Posting a space or a requirement is free. Contact details are only shared when both sides accept an intro.