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271-273 Brighton Beach Ave
Brooklyn, NY 11235
Retail Property For Sale
Executive Summary
271 Brighton Beach, Brooklyn, NY
This is a premier opportunity to acquire a 19,000 SF retail and office asset located in the heart of the vibrant Brighton Beach
corridor. Built in 1992, the property features a highly diversified tenant base across the first floor, second floor, mezzanine, and
basement levels, ensuring stable income with no significant reliance on a single tenant. Building was renovated into a brand new
mall in 2022. There are an additional 10,000 sf of air rights.
Financial & Investment Highlights
Asking Price: $21,000,000.
In-Place Net Operating Income (NOI): $1,150,000.
Cap Rate: 5.48%
Occupancy: 92%
This is a premier opportunity to acquire a 19,000 SF retail and office asset located in the heart of the vibrant Brighton Beach
corridor. Built in 1992, the property features a highly diversified tenant base across the first floor, second floor, mezzanine, and
basement levels, ensuring stable income with no significant reliance on a single tenant. Building was renovated into a brand new
mall in 2022. There are an additional 10,000 sf of air rights.
Financial & Investment Highlights
Asking Price: $21,000,000.
In-Place Net Operating Income (NOI): $1,150,000.
Cap Rate: 5.48%
Occupancy: 92%
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
19,686 SF
Building Class
B
Year Built
2022
Price
$21,000,000
Price Per SF
$1,066.75
Cap Rate
5.50%
NOI
$1,155,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.96
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
R6/C1-2/OP - Commercial & Office Building
Frontage
Amenities
- Atrium
- Banking
- Bus Line
- Commuter Rail
- Metro/Subway
- Security System
- Signage
- Skylights
- Enclosed Mall
- Air Conditioning
Property Taxes
| Parcel Number | 08672-0033 | Improvements Assessment | $1,715,850 |
| Land Assessment | $360,000 | Total Assessment | $2,075,850 |
Property Taxes
Parcel Number
08672-0033
Land Assessment
$360,000
Improvements Assessment
$1,715,850
Total Assessment
$2,075,850
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