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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
Property Type
Retail
Property Subtype
Storefront
Building Size
15,000 SF
Building Class
B
Year Built/Renovated
1931/2017
Tenancy
Single
Building Height
3 Stories
Building FAR
2.87
Lot Size
0.12 AC
Zoning
R7A/C2-4
Frontage
47’ on 4th Avenue
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 | $1,354,950 |
| Land Assessment | $123,750 | Total Assessment | $1,478,700 |
Property Taxes
Parcel Number
00799-0006
Land Assessment
$123,750
Improvements Assessment
$1,354,950
Total Assessment
$1,478,700
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