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5902 14th Ave 26,136 SF 100% Leased Office Building Brooklyn, NY 11219 $8,999,000 ($344.31/SF) 7.60% Cap Rate
Investment Highlights
- 25,000 SF Corner Property For Sale in Prime Borough Park
- Ground Floor And Basement Currently Used As A Catering Hall With A Full Kitchen
- Corner Property Fully Renovated And Rented With Vacancy Clauses, Offering A Strong Cap Rate
Executive Summary
Located in the Borough Park neighborhood of Brooklyn between 59th Ave & 60th Ave near the 62nd St subway station.
Nearest Transit: D train at 62nd St and the N train at New Utrecht Ave. The B9 & B16 bus lines.
Nearby tenants include Spinka Hall, Bleu Manor, Renaissance Ballroom, Park Plumbing & Heating Supply, Better Health Studios, Brooklyn Granite, Win Xin, Savarese Italian Pastry Shoppe, New Pioneer Mechanical Corp, Macaronikids, and more!
Lot Dimensions: 80 x 100
Building Dimensions: 80 x 100
Building Size: 23,550 SF
Total Commercial Units: 5
Occupancy: 100%
Tenancy: Multiple
Current CAP: 7.2%
Building Class: A
Basement: 7,000 SF
Floor 1: 7,000 SF
Floor 2: 7,000 SF
Floor 3: 3,500 SF
Nearest Transit: D train at 62nd St and the N train at New Utrecht Ave. The B9 & B16 bus lines.
Nearby tenants include Spinka Hall, Bleu Manor, Renaissance Ballroom, Park Plumbing & Heating Supply, Better Health Studios, Brooklyn Granite, Win Xin, Savarese Italian Pastry Shoppe, New Pioneer Mechanical Corp, Macaronikids, and more!
Lot Dimensions: 80 x 100
Building Dimensions: 80 x 100
Building Size: 23,550 SF
Total Commercial Units: 5
Occupancy: 100%
Tenancy: Multiple
Current CAP: 7.2%
Building Class: A
Basement: 7,000 SF
Floor 1: 7,000 SF
Floor 2: 7,000 SF
Floor 3: 3,500 SF
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
26,136 SF
Building Class
B
Year Built
1931
Price
$8,999,000
Price Per SF
$344.31
Cap Rate
7.60%
NOI
$683,475
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
8,712 SF
Building FAR
3.28
Lot Size
0.18 AC
Zoning
M1-1 - Light industrial with offices, hotels, and most retail uses permitted
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Walk Score®
Very Walkable (86)
Transit Score®
Excellent Transit (86)
Property Taxes
| Parcel Number | 05712-0072 | Improvements Assessment | $739,350 |
| Land Assessment | $323,100 | Total Assessment | $1,062,450 |
Property Taxes
Parcel Number
05712-0072
Land Assessment
$323,100
Improvements Assessment
$739,350
Total Assessment
$1,062,450
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5902 14th Ave
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