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4201-4209 Avenue U
Brooklyn, NY 11234
4201-4209 Ave U. · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 10,000 SF RETAIL STRIP CENTER ACROSS FOR KINGS PLAZA SHOPPING CENTER
EXECUTIVE SUMMARY
• 4201-4209 Ave U & 1275 Hendrickson St consists of 100’ frontage with 10,000 combined SF including 4 ground floor retail stores, all paying rents.
• 4201 AVE U consists of a 3,000 SF retail building with 2 stores on a 50’ x 60’ lot. This parcel is contiguous with 2175 Hendrickson Street & 4209 Ave U.
• 4209 AVE U consists of a 4,350 SF retail building with 2 stores on a 50’ x 60’ lot.
• 1275 Hendrickson Street consists of 2,650 SF and is connected to the store on 4201 Ave U.
There are demo clauses in all the leases for re-tenanting. The Community Facility Far bonus is 2.0.
Located in Marine Park, these properties are just across from the Kings Plaza Shopping Center and are near various landmarks such as Floyd Bennett Field, Aviator Sports and Events Center, Marine Park and Marine Park Golf Course. The properties also offer great accessibility as it’s only 2.0 mi away from Avenue U Subway Station and B3 Bus stop is just in front of 4201-4209 Ave U property.
• 4201 AVE U consists of a 3,000 SF retail building with 2 stores on a 50’ x 60’ lot. This parcel is contiguous with 2175 Hendrickson Street & 4209 Ave U.
• 4209 AVE U consists of a 4,350 SF retail building with 2 stores on a 50’ x 60’ lot.
• 1275 Hendrickson Street consists of 2,650 SF and is connected to the store on 4201 Ave U.
There are demo clauses in all the leases for re-tenanting. The Community Facility Far bonus is 2.0.
Located in Marine Park, these properties are just across from the Kings Plaza Shopping Center and are near various landmarks such as Floyd Bennett Field, Aviator Sports and Events Center, Marine Park and Marine Park Golf Course. The properties also offer great accessibility as it’s only 2.0 mi away from Avenue U Subway Station and B3 Bus stop is just in front of 4201-4209 Ave U property.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
7,350 SF
Building Class
B
Year Built
1972
Price
$3,400,000
Price Per SF
$462.59
Cap Rate
5.91%
NOI
$201,073
Percent Leased
32%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.99
Lot Size
0.17 AC
Zoning
R4,C2-2 - R4, C2-2
Frontage
100’ on Avenue U
AMENITIES
- Bus Line
- Corner Lot
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $510,750 | |
| Land Assessment | $119,250 | Total Assessment | $630,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$119,250
Improvements Assessment
$510,750
Total Assessment
$630,000
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