This Retail Property is no longer advertised on LoopNet.com.

440 Avenue P
Brooklyn, NY 11223
Retail Property For Sale

Property Facts

Property Type
Retail
Property Subtype
Bank
Building Size
7,136 SF
Building Class
C
Year Built
1936
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.82
Lot Size
0.09 AC
Zoning
R6A/ C1-4/OP - Medium density residential district
Frontage
40’ on Avenue P

About 440 AVENUE P , BROOKLYN, NY 11223

Banco Santander (Rated "Baa3" by Moody's) is the 37th largest publicly traded company in the world. They have annual revenue of just over $76 Billion, and a net worth of $1.3 Trillion. Banco Santander operates 14,392 branches and has 102 million customers. The entire 3,193 square feet on the second floor is occupied by Childcare Staffing Inc, which has a lease through May 2022. Childcare Staffing Inc has 3% yearly rental increases. In addition, they contribute 33% of all the property's real estate taxes above their base-year. This is the rare opportunity to acquire a 100% occupied retail bank property in Brooklyn with strong deposit and located directly down the street from the subway. The property is located one block from the Avenue P Train Station (F Train) on the corner of Avenue P and McDonald Avenue.

Property Taxes

Property Taxes

Parcel Number
06634-0008
Land Assessment
$90,000
Improvements Assessment
$737,550
Total Assessment
$827,550
  • Listing ID: 11758308

  • Date on Market: 2/28/2018

  • Last Updated:

  • Address: 440 Avenue P, Brooklyn, NY 11223

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