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1104 Bushwick Ave 4,000 SF 100% Leased Retail Building Brooklyn, NY 11221 $1,100,000 ($275/SF) 7.28% Cap Rate
Investment Highlights
- The building is fully rent stabilized with 100% collections.
- Well maintained, with little to no need for short-term capital improvements.
- 2A Tax Class limits tax increase to no more than 8% annually or 30% over five years.
- Dimensions of 20’ x 60’ on the corner of woodbine allowing side windows for spacious and bright layouts.
- Natural tenant turnover opens the opportunity for owner occupancy in the short term.
- Located 2 blocks from Gates Avenue, J & Z-line provides quick access to Williamsburg and Manhattan.
Executive Summary
Broker of Record
Cory Rosenthal
License # 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Cory Rosenthal
License # 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,000 SF
Building Class
C
Year Built
1931
Price
$1,100,000
Price Per SF
$275
Cap Rate
7.28%
NOI
$80,092
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.30
Lot Size
0.04 AC
Opportunity Zone
Yes
Zoning
R6
Frontage
29’ on Bushwick Ave
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Family Mini Market
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Family Mini Market | Retailer | - | - | - |
Walk Score®
Walker's Paradise (92)
Transit Score®
Excellent Transit (89)
Bike Score®
Very Bikeable (79)
Nearby Major Retailers
Property Taxes
| Parcel Number | 03357-0033 | Improvements Assessment | $340,650 |
| Land Assessment | $4,050 | Total Assessment | $344,700 |
Property Taxes
Parcel Number
03357-0033
Land Assessment
$4,050
Improvements Assessment
$340,650
Total Assessment
$344,700
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1104 Bushwick Ave
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