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29 Belmont Ave
Brooklyn, NY 11212
Retail Property For Sale
Investment Highlights
- income today, development tomorrow
Executive Summary
The property offers investors the opportunity to acquire a single-tenant C-Town supermarket in the densely populated Brownsville neighborhood of Brooklyn, providing an essential-grocery use that serves as a reliable neighborhood traffic driver. The 5,000 SF building occupies a 5,000 SF corner lot at Belmont Avenue and Thatford Avenue, offering a highly functional footprint for a neighborhood supermarket
FAR of 2.2 provides air rights or 12,000 BSF
Closing not before January 2027
FAR of 2.2 provides air rights or 12,000 BSF
Closing not before January 2027
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Supermarket
Building Size
5,000 SF
Building Class
C
Year Built
1930
Price
$2,500,000
Price Per SF
$500
Cap Rate
3.60%
NOI
$90,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.94
Lot Size
0.12 AC
Opportunity Zone
Yes
Zoning
R6, C1-3 - Zoning districts
R6, C1-3
Opportunity Zone
Parking
5 Spaces (1 Spaces per 1,000 SF Leased)
Frontage
50’ on Belmont Ave
Property Taxes
| Parcel Number | 03523-0037 | Improvements Assessment | $343,800 |
| Land Assessment | $78,750 | Total Assessment | $422,550 |
Property Taxes
Parcel Number
03523-0037
Land Assessment
$78,750
Improvements Assessment
$343,800
Total Assessment
$422,550
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