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5002-5024 13th Ave
Brooklyn, NY 11219
5002-5020 13th Avenue · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Signage
ABOUT 5002-5024 13TH AVE , BROOKLYN, NY 11219
Ariel Property Advisors presents 5002-5020 13th Avenue, an illustrious commercial building located in the heart of Borough Park on 13th Avenue between 50th and 51st Streets. Built in 1985, 5002-5020 13th Avenue is 31,968 square foot commercial blockfront with prime retail, office and below-grade parking components. The retail component contains 14,807 square feet and features 200' feet of frontage along a heavily trafficked section of 13th Avenue. The retail space is divided into six (6) units. The retail is anchored by Berkshire Bank and Eichler' s Books, who recently signed a ten-year lease at market rent of $100 per square foot. Two (2) retail spaces have medium-term leases in effect that are scheduled to expire within the next five years. Of the remaining retail units, two (2) units are leased on a month-to-month basis and one (1) corner unit is vacant, providing investors with an immediate value-add opportunity. The office component consists of 13,747 square feet, which is currently split into eight (8) offices. West side of 13th Avenue between50th Street and 51st Street
PROPERTY TAXES
| Parcel Number | 05648-0038 | Improvements Assessment | $4,012,650 |
| Land Assessment | $471,600 | Total Assessment | $4,484,250 |
PROPERTY TAXES
