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22 Graham Ave 4,550 SF Retail Building Brooklyn, NY 11206 $2,300,000 ($505.49/SF) 5.30% Cap Rate
Investment Highlights
- Gut-renovated, two-story retail building
- 4,550 SF Existing Building | $505 Per SF at Asking Price | Land in area selling for north of $300 per buildable SF
- Tenant Extended Lease through 2031 | Diamond Braces
- Strong Immediate Cashflow and minimal management responsibilities
- Diamond Braces is the Retail Tenant | Extremely strong operator with over 65 Stores
- • Located on the strongest and the most heavily foot-trafficked retail corridors in East Williamsburg
Executive Summary
• Significant upside in the retail rent
• Property is surrounded by credit/national tenants, including T-Mobile and TD Bank on either side of the property
• Other tenants on the block include Chase Bank, Wendy’s, Dunkin Donuts, & Burlington
• Half block from the Flushing Avenue J & M Train
• Property is surrounded by credit/national tenants, including T-Mobile and TD Bank on either side of the property
• Other tenants on the block include Chase Bank, Wendy’s, Dunkin Donuts, & Burlington
• Half block from the Flushing Avenue J & M Train
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
4,550 SF
Building Class
B
Year Built
1971
Price
$2,300,000
Price Per SF
$505.49
Cap Rate
5.30%
NOI
$121,900
Tenancy
Single
Building Height
2 Stories
Building FAR
2.09
Lot Size
0.05 AC
Zoning
C4-3 - C4 districts are mapped in regional commercial centers that are located outside of the central business districts.
Amenities
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Diamond Braces’ orthodontists are trained at elite programs across the country, bringing decades of experience to their patients. Diamond Braces continues to earn the trust of thousands of clients and created better access to orthodontic care throughout the Tri-State area. They became known for being one of the most experienced and affordable orthodontic providers around who are passionate about delivering expert care and making people smile. At Diamond Braces, they believe that creating and maintaining beautiful and healthy smiles should be effortless, enjoyable, and available to everyone.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | - | $9.99 | Lorem Ipsum | Jan 0000 |
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 03127-0010 | Improvements Assessment | $612,900 |
| Land Assessment | $75,600 | Total Assessment | $688,500 |
Property Taxes
Parcel Number
03127-0010
Land Assessment
$75,600
Improvements Assessment
$612,900
Total Assessment
$688,500
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