Price Reduction!!!
Kalmon Dolgin Affiliates has been retained on an Exclusive basis to arrange the sale of 40-48 Lombardy Street, an attractive RETAIL OPPORTUNITY in the heart of Greenpoint, Brooklyn.
40-48 Lombardy Street is an assemblage of two (2) retail stores with an aggregate of 10,000 square feet. The building is built full. The retail is leased to two (2) separate tenants, one whose lease is up in 10 months and the other who has 6 years remaining on his lease.
Both leases are set to expire within one to six years with only one unit having a 5 year option renewal at current market value.
The property is zoned M1-1 with an FAR of 1.0. The tenant who has 6 years left on his lease will receive a 3% increase in January.
The building is located on a heavily traffic street opposite the Staples/Auto Zone shopping center and has high viability to the BQE as well as Meeker Avenue on a partially residential block. There are multiple transportation options within walking distance.
The building has drive-in loading and street parking. 40-48 Lombardy Street offers an unmatched opportunity to own a substantial retail asset in Greenpoint Brooklyn.
