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3120 Church Ave 2,711 SF 100% Leased Retail Building Brooklyn, NY 11226 $1,149,000 ($423.83/SF) 3.81% Cap Rate
EXECUTIVE SUMMARY
This is a two story 18.58 x 58 brick mixed-use building on a 100.75 lot with R6, C1-2 zoning. The commercial tenant has a lease in place through 2027 at $6000 per month. The residential portion was recently renovated and has 4 bedrooms / 1 bath which is currently vacant but can be used as an office space as well. Both tenants are responsible for their own gas and electric cost - commercial tenant is responsible for 25% of water/sewage cost, building is outfitted with split systems and forced air systems for heating and cooling. Can be packaged together with 14 East 32nd Street.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
2,711 SF
Building Class
C
Year Built
1931
Price
$1,149,000
Price Per SF
$423.83
Cap Rate
3.81%
NOI
$43,800
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.35
Lot Size
0.05 AC
Opportunity Zone
Yes
Zoning
R6, C1 - Medium density residential district, Commercial district predominantly residential in character
Frontage
20’ on Church Ave
AMENITIES
- Bus Line
- Restaurant
- Security System
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- One Step Physical Therapy P.C
- Health Care and Social Assistance
- -
- -
- May 2027
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| One Step Physical Therapy P.C | Health Care and Social Assistance | - | - | May 2027 |
Walk Score®
Walker's Paradise (94)
Transit Score®
Rider's Paradise (94)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 04885-0010 | Improvements Assessment | $117,000 |
| Land Assessment | $80,100 | Total Assessment | $197,100 |
PROPERTY TAXES
Parcel Number
04885-0010
Land Assessment
$80,100
Improvements Assessment
$117,000
Total Assessment
$197,100
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3120 Church Ave
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