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3901 7th Ave 3,922 SF 100% Leased Retail Building Brooklyn, NY 11232 $2,850,000 ($726.67/SF) 4.88% Cap Rate
Investment Highlights
- One block away from the D Train Station.
- Next to brand new commercial construction.
- Fully occupied.
Executive Summary
Fully occupied mixed-use property. 4 residential units over 2 ground floor commercial spaces.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,922 SF
Building Class
B
Year Built
1935
Price
$2,850,000
Price Per SF
$726.67
Cap Rate
4.88%
NOI
$139,080
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
3.00
Lot Size
0.03 AC
Zoning
M1-2 - Light industrial with offices, hotels, and most retail uses permitted.
Frontage
Amenities
- Signage
Exceptionally walkable
90/100
Moderately drivable
70/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 00915-0008 | Improvements Assessment | $322,650 |
| Land Assessment | $6,750 | Total Assessment | $329,400 |
Property Taxes
Parcel Number
00915-0008
Land Assessment
$6,750
Improvements Assessment
$322,650
Total Assessment
$329,400
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3901 7th Ave
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