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271-273 Brighton Beach Ave 19,686 SF 95% Leased Retail Building Brooklyn, NY 11235 $19,250,000 ($977.85/SF) 6.38% Cap Rate
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. The 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: $19,250,000.
In-Place Net Operating Income (NOI): $1,227,651.
Cap Rate: 6.3%
Occupancy: 95%
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. The 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: $19,250,000.
In-Place Net Operating Income (NOI): $1,227,651.
Cap Rate: 6.3%
Occupancy: 95%
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
$19,250,000
Price Per SF
$977.85
Cap Rate
6.38%
NOI
$1,227,652
Percent Leased
95%
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
Amenities
- Atrium
- Banking
- Bus Line
- Commuter Rail
- Metro/Subway
- Security System
- Signage
- Skylights
- Enclosed Mall
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Like My Style
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Like My Style | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 200-1,000 SF
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 200-1,000 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 200-1,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 08672-0033 | Improvements Assessment | $1,953,450 |
| Land Assessment | $360,000 | Total Assessment | $2,313,450 |
Property Taxes
Parcel Number
08672-0033
Land Assessment
$360,000
Improvements Assessment
$1,953,450
Total Assessment
$2,313,450
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Contact the Sale Advisor
271-273 Brighton Beach Ave