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GSA King Tomato 1140 McDonald Ave 5,114 SF Retail Building Brooklyn, NY 11230 $12,225,000 ($2,390.50/SF) 10% Cap Rate
EXECUTIVE SUMMARY
Introducing 1140 McDonald Ave an operational grocery & fruit shop built 83x62 on a 128x143.5 lot in the heart of Kensington / Boro Park. The property will be delivered fully vacant, the site is zoned M1-2 with close to 20,000sqFt buildable and there is a potential to build 44,250sqFt if you include a Community Facility (4.8 FAR). Perfect for a Synogauge, School or office over retail. Survey & Environmental report available for qualified buyers.
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Storefront
Building Size
5,114 SF
Building Class
C
Year Built
1931
Price
$12,225,000
Price Per SF
$2,390.50
Cap Rate
10%
NOI
$1,222,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.55
Lot Size
0.21 AC
Zoning
M1-2 - M1-2 4.8FAR with CF
Frontage
144’ on Mcdonald Ave
AMENITIES
- Corner Lot
- Metro/Subway
- Signage
- Signalized Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- GSA King Tomato Farm
- Retailer
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| GSA King Tomato Farm | Retailer | - | - | - |
Walk Score®
Very Walkable (89)
Transit Score®
Excellent Transit (89)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05464-0015 | Improvements Assessment | $191,700 |
| Land Assessment | $100,800 | Total Assessment | $292,500 |
PROPERTY TAXES
Parcel Number
05464-0015
Land Assessment
$100,800
Improvements Assessment
$191,700
Total Assessment
$292,500
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GSA King Tomato | 1140 McDonald Ave
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