196 Stanhope Street RETAIL
$2,250,000
MLS# RLS20077184 · Bushwick
Originally listed at $2,495,000. Price last reduced on June 18, 2026.
Listed March 13, 2026 · 243 days on the market
0 Beds 1 Baths 5,452 Sq.Ft.
About This Property
New development condominium located in the heart of Bushwick, Brooklyn. This ground-floor retail condo presents an exceptional opportunity for owner/users or investors to secure a highly visible storefront in one of Bushwick’s most dynamic and vibrant corridors.
Situated steps from the L and M lines with strong pedestrian activity and surrounded by cafes, boutiques, galleries, and neighborhood amenities, the space is ideal for a variety of uses. The offering benefits from flexible build-to-suit options, and direct access to one of Brooklyn’s fast evolving commercial districts.
With limited retail inventory in newly developed mixed-use buildings and growing demand from local operators, this is a rare opportunity to establish a presence in a neighborhood defined by creativity, connectivity, and ongoing investment.
Agent's Note
From Curtis Bain. Details about the apartment are drawn from the listing information provided through RLS by Compass.
196 Stanhope Street is a new development mixed-use building with an elevator and storage space among its listed amenities. The space itself is a ground-floor retail condominium of 5,452 square feet with one bathroom, and the listing describes strong pedestrian activity nearby, with cafes, boutiques and galleries around it. Fisher Parrish Gallery is about 3 minutes on foot.
Flexible build-to-suit options are part of the offering, which gives an owner-user room to shape the layout around their own plans. New construction can bring contemporary layouts, and that's a sensible starting point for a retail floor. Anyone buying should weigh carrying costs and the financial structure of the condominium before deciding.
The L and M lines are close.
The Knickerbocker Av station on the M is about 3 minutes on foot, and DeKalb Av on the L is about 8 minutes. Met Fresh, a supermarket, is about 2 minutes away, and Maria Hernandez Park is about 6 minutes on foot, so daily errands and a short break both fit inside a few minutes' walk.
The elevator helps with movement through the building, which matters for deliveries, furniture and equipment. Storage space is listed as an amenity too, and that's useful for a business that needs to keep stock or supplies out of the main room.
Quick answers+
Does the building have an elevator?
Yes. An elevator is one of the building's listed amenities.
Does the building have storage space?
Yes. Storage space is one of the building's listed amenities.
Is the space on the ground floor?
Yes. It is described as a ground-floor retail condominium.
Curtis Bain
Brown Harris Stevens
Property Features
Building amenities
Services and facilities
- Elevator
- Storage space
Estimate
Monthly Cost & Closing Costs
The rate is a placeholder, not a quote. Enter the one your lender gives you.
$14,383 / month
- Principal and interest$11,377
- Common charges$1,880
- Property taxes$1,126
Due at closing
- Down payment (20%)$450,000
- NYS “mansion tax” (1.25%)$28,125
- Mortgage recording tax (1.925%)$34,650
Not included: attorney, title insurance, lender and appraisal fees, board application and move-in fees, flip tax and prepaid items. Estimates only, based on the published New York State rates. Your attorney and lender will confirm the real figures.
Location & Nearby
Map
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196 Stanhope Street RETAIL
Subway
- MKnickerbocker AvAbout 3 min walk
- LDeKalb AvAbout 8 min walk
- MCentral AvAbout 9 min walk
- LMMyrtle-Wyckoff AvsAbout 12 min walk · Accessible
Parks
- Maria Hernandez ParkAbout 6 min walk
- Hope BallfieldAbout 6 min walk
- Heckscher PlaygroundAbout 8 min walk
Public schools · Elementary schools
- P.S. 376About 3 min walk
- Achievement First Bushwick Charter School · CharterAbout 4 min walk
- P.S. 86 The IrvingtonAbout 5 min walk
Middle schools
- J.H.S. 383 Philippa SchuylerAbout 4 min walk
- I.S. 349 Math, Science & Tech.About 9 min walk
High schools
- Math, Engineering, and Science Academy Charter High School · CharterAbout 11 min walk
- Bushwick Community High SchoolAbout 11 min walk
Walking times are estimates. Schools shown are the nearest public and charter schools and are not zone assignments; a nearby school is not necessarily the one an address is zoned for. Confirm zoning with the NYC Department of Education. Sources: MTA, NYC Parks and NYC Department of City Planning open data.
The Neighborhood
About Brooklyn
Bushwick is covered by our Brooklyn guide.
A dynamic borough offering architecturally significant residences, world-class culture, and an unmatched creative energy.
Walkability
9/10
Public transit
8/10
Schools
7/10
Dining
9/10
Groceries & parks
8/10
Gallery
Property Photos
Listing Courtesy of Compass
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.