227 4th Ave
Brooklyn, NY 11215
Brooklyn Lyceum · Retail Property For Sale

TerraCRG has been retained to exclusively represent ownership in the sale of 227 Fourth Avenue, a completely restored, landmarked building in the heart of the Park Slope neighborhood of Brooklyn.   The two-story, 16,700 SF landmarked building is located on the corner of Fourth Avenue and President Street, the ~60-foot x 92-foot property is R8A, C2-4, EC-1 zoned. It is currently 100%-leased by Blink Fitness with a lease expiring in 2033, and one five-year option. The gross annual income is approximately $625k and the projected net operating income is approximately $521k. The property is walking distance from Barclays Center, the Brooklyn Museum, Grand Army Plaza and the Brooklyn Botanic Garden.  Prospect Park is a short walk, while minutes away on 3rd Street & 3rd Avenue, Whole Foods opened a 52,000 SF supermarket in 2013 and is now one of the most active Whole Foods in the country.   The subway can be conveniently accessed at the adjacent Union Street R station. The property is also within walking distance of Atlantic Terminal with access to the D, M, N, R, B, Q, 2, 3, 4, and 5 trains plus the LIRR, making the commute in and out of Manhattan only 10 minutes.