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251 1st St 5,546 SF Retail Condo Unit in Brooklyn, NY 11215
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Total Building Size | 64,431 SF | Floors | 11 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 3,054 SF |
| Property Subtype | Apartment | Year Built | 2015 |
| Building Class | B | Lot Size | 0.22 AC |
| Zoning | 16C - a commercial zoning category that allows for vehicle storage | ||
| Total Building Size | 64,431 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 11 |
| Typical Floor Size | 3,054 SF |
| Year Built | 2015 |
| Lot Size | 0.22 AC |
| Zoning | 16C - a commercial zoning category that allows for vehicle storage |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Controlled Access
- Fitness Center
- Doorman
- Storage Space
- Lounge
1 UNIT AVAILABLE
Unit 275 4th Ave
| Unit Size | 5,546 SF | Sale Type | Investment |
| Condo Use | Retail | NOI | $204,317 |
| Unit Size | 5,546 SF |
| Condo Use | Retail |
| Sale Type | Investment |
| NOI | $204,317 |
DESCRIPTION
Verada, as exclusive agent, is pleased to offer for sale a prime multi-level retail condominium located at the base of a newly constructed 44-unit, 11-story residential building at 275 4th Avenue in Park Slope, Brooklyn. The offering includes 4,446 SF on the ground floor and 1,100 SF on the lower level, totaling 5,546 SF of commercial space. Completed in 2019, the property features 50 feet of floor-to-ceiling glass frontage along 4th Avenue and soaring 14-foot ceiling heights, offering exceptional visibility and a commanding street presence.
The ground floor retail condominium is fully occupied by a strong mix of health and wellness tenants, including PhysioRX, Inspira Physical Therapy & Pilates, and Zeno Nail Bar —creating a synergistic tenant mix and reliable in-place income. Each unit has been custom built-out by the tenants, making this an attractive turnkey investment opportunity with minimal future capital requirements.
Located along one of Brooklyn’s most prominent retail corridors and just two blocks from the Union Street R subway station, the property benefits from consistent pedestrian traffic and excellent transit access to Downtown Brooklyn and Manhattan. With strong neighborhood demographics, ongoing residential development, and proximity to key Park Slope destinations like Washington Park, the Old Stone House, and the 5th Avenue retail corridor, 275 4th Avenue presents a rare opportunity to acquire a stabilized retail asset in one of Brooklyn’s most desirable neighborhoods.
SALE NOTES
Verada, as exclusive agent, is pleased to offer for sale a prime multi-level retail condominium located at the base of a newly constructed 44-unit, 11-story residential building at 275 4th Avenue in Park Slope, Brooklyn. The offering includes 4,446 SF on the ground floor and 1,100 SF on the lower level, totaling 5,546 SF of commercial space. Completed in 2019, the property features 50 feet of floor-to-ceiling glass frontage along 4th Avenue and soaring 14-foot ceiling heights, offering exceptional visibility and a commanding street presence.
The ground floor retail condominium is fully occupied by a strong mix of health and wellness tenants, including PhysioRX, Inspira Physical Therapy & Pilates, and Zeno Nail Bar —creating a synergistic tenant mix and reliable in-place income. Each unit has been custom built-out by the tenants, making this an attractive turnkey investment opportunity with minimal future capital requirements.
Located along one of Brooklyn’s most prominent retail corridors and just two blocks from the Union Street R subway station, the property benefits from consistent pedestrian traffic and excellent transit access to Downtown Brooklyn and Manhattan. With strong neighborhood demographics, ongoing residential development, and proximity to key Park Slope destinations like Washington Park, the Old Stone House, and the 5th Avenue retail corridor, 275 4th Avenue presents a rare opportunity to acquire a stabilized retail asset in one of Brooklyn’s most desirable neighborhoods.
+2 More
275 4th Ave Need-downloadble-floorplan
275 4th Ave Need-downloadble-floorplan
275 4th Ave Interior Photos.zip - 1
275 4th Ave Interior Photos.zip - 2
275 4th Ave Interior Photos.zip - 3
275 4th Ave Interior Photos.zip - 4
275 4th Ave Interior Photos.zip - 5
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 44 | - | - |
MAJOR TENANT INFORMATION Click Here to Access
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| Organic Market |
-
|
Jan 0000
|
| Inspira Physical Therapy |
-
|
Jan 0000
|
Presented by
251 1st St
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