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- LoopNet Team
5109 4th Ave
Brooklyn, NY 11220
FOR SALE: RARE NNN DEAL WITH AIR RIGHTS · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- NEW NN LEASE WITH BLINK FITNESS--STRONG CORP GUARANTEE
- 13,000 SF OF AIR RIGHTS FOR FUTURE DEVELOPMENT
- VERY STRONG RETAIL CORRIDOR
- NOI: $504,700
- BIG MEMBERSHIP COUNT FOR THIS LOCATION
PROPERTY FACTS
ABOUT 5109 4TH AVE , BROOKLYN, NY 11220
Asset Commercial Realty Group has been exclusively retained to market 5107-5111 4th Avenue, a fully leased commercial Building in the Sunset Park neighborhood of Brooklyn. The building spans a total of 15,000 SF with 5,000 SF floor plates on the ground, second, and cellar levels. The entire building is 100% leased to Blink Fitness which has a new 15-year lease with one-5 year option and has 10% increases every five years, including the option(s) period. NOI: $504,700 THERE IS ALSO 13,000 SF OF AIR RIGHTS; 2.6 FAR TOTAL LEFT WITH BONUS FROM INCLUSIONARY HOUSING.
PROPERTY TAXES
| Parcel Number | 00799-0006 | Improvements Assessment | $1,399,050 |
| Land Assessment | $123,750 | Total Assessment | $1,522,800 |
PROPERTY TAXES
