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2588-2590 Atlantic Ave 12,000 SF 100% Leased Office Building Brooklyn, NY 11207 $5,250,000 ($437.50/SF) 7.35% Cap Rate
Investment Highlights
- Fully leased and with solid tenancies, and leases with average expiration dates of over 5 years.
- Zoning: M3-2
- RBA 12,000 SF GLA (Gross leasable Area): 10k
- Total Commercial Units: 4
- CAP Rate of 6.71%
Executive Summary
Fully Occupied 3-Story Commercial Building for Sale with Billboard, and Cell Tower Option.
Located in the East New York neighborhood of Brooklyn between Alabama Ave & Georgia Ave near the Liberty Ave & Alabama Ave subway station.
Nearest Transit: A & C trains at Liberty Ave and the J train at Alabama Ave. The B83, B20, B25, B12, B25, Q24, &Q56 bus lines.
Nearby tenants include Dunkin', McDonald's, Fine Fare Supermarkets, HOTEL SUNBORN, BKLYN eats, Golden Krust Caribbean Restaurant, Ramada by Wyndham Brooklyn, AdvantageCare Physicians - East New York Medical Office, Advanced Dermatology P.C. | East New York, EmblemHealth Neighborhood Care, M&T Bank,
United States Postal Service, and more!
Located in the East New York neighborhood of Brooklyn between Alabama Ave & Georgia Ave near the Liberty Ave & Alabama Ave subway station.
Nearest Transit: A & C trains at Liberty Ave and the J train at Alabama Ave. The B83, B20, B25, B12, B25, Q24, &Q56 bus lines.
Nearby tenants include Dunkin', McDonald's, Fine Fare Supermarkets, HOTEL SUNBORN, BKLYN eats, Golden Krust Caribbean Restaurant, Ramada by Wyndham Brooklyn, AdvantageCare Physicians - East New York Medical Office, Advanced Dermatology P.C. | East New York, EmblemHealth Neighborhood Care, M&T Bank,
United States Postal Service, and more!
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
12,000 SF
Building Class
B
Year Built
2008
Price
$5,250,000
Price Per SF
$437.50
Cap Rate
7.35%
NOI
$385,984
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
2,500 SF
Building FAR
3.06
Lot Size
0.09 AC
Opportunity Zone
Yes
Zoning
M3-2 - Located in the East New York neighborhood of Brooklyn between Georgia Ave & Alabama Ave near the Alabama Ave subway station.
Parking
6 Spaces (0.5 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Walker's Paradise (91)
Transit Score®
Rider's Paradise (100)
Property Taxes
| Parcel Number | 03684-0025 | Improvements Assessment | $405,900 |
| Land Assessment | $80,100 | Total Assessment | $486,000 |
Property Taxes
Parcel Number
03684-0025
Land Assessment
$80,100
Improvements Assessment
$405,900
Total Assessment
$486,000
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2588-2590 Atlantic Ave
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