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343A Tompkins Ave 3,000 SF 100% Leased Retail Building Brooklyn, NY 11216 $1,995,000 ($665/SF) 5.59% Cap Rate
Investment Highlights
- Renovated Mixed Use Brownstone in Bedford Stuyvesant For Sale
- The property consists of two residential units over one ground-floor retail space
- The property is built 20 ft. x 50 ft. on a 20 ft. x 80 ft. lot and features a finished rear yard with a wooden deck accessible to the ground floor
- Situated between Monroe Street and Madison Street, the property is positioned along the emerging boutique retail corridor of Tompkins Avenue
- retail is currently being used by the owner, will be vacating in the fall and is concurrently being offered for lease
- Additional benefits include Tax Class 1 status and unused air rights within an R6A, C2-4 zoning district
Executive Summary
Investment Property Realty Group (IPRG) is pleased to present for sale 343A Tompkins Avenue, a brownstone-style mixed-use building located in the Bedford-Stuyvesant section of Brooklyn. Situated between Monroe Street and Madison Street, the property is positioned along the emerging boutique retail corridor of Tompkins Avenue, which has seen an influx of independent food, beverage, and neighborhood retail operators in recent years
.
The property consists of two residential units over one ground-floor retail space. The building has been fully renovated, including a gut renovation of the retail space, which is currently being used by the owner, will be vacating in the fall and is concurrently being offered for lease.
The property is built 20 ft. x 50 ft. on a 20 ft. x 80 ft. lot and features a finished rear yard with a wooden deck accessible to the ground
floor. Additional benefits include Tax Class 1 status and unused air rights within an R6A, C2-4 zoning district.
.
The property consists of two residential units over one ground-floor retail space. The building has been fully renovated, including a gut renovation of the retail space, which is currently being used by the owner, will be vacating in the fall and is concurrently being offered for lease.
The property is built 20 ft. x 50 ft. on a 20 ft. x 80 ft. lot and features a finished rear yard with a wooden deck accessible to the ground
floor. Additional benefits include Tax Class 1 status and unused air rights within an R6A, C2-4 zoning district.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,000 SF
Building Class
C
Year Built
1920
Price
$1,995,000
Price Per SF
$665
Cap Rate
5.59%
NOI
$111,555
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.72
Lot Size
0.04 AC
Opportunity Zone
Yes
Zoning
R6B
Frontage
20’ on Tompkins Ave
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Aleksandra Sergeeva
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Aleksandra Sergeeva | - | - | - | - |
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01820-0008 | Improvements Assessment | $83,280 |
| Land Assessment | $9,540 | Total Assessment | $92,820 |
Property Taxes
Parcel Number
01820-0008
Land Assessment
$9,540
Improvements Assessment
$83,280
Total Assessment
$92,820
Contacts
-
Derek Bestreich -
Steve Reynolds -
Tom Reynolds -
Brian Davila -
Investment Property Realty Group
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343A Tompkins Ave
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