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8701-8711 4th Ave 36,000 SF 100% Leased Retail Building Brooklyn, NY 11209 $17,000,000 ($472.22/SF)
INVESTMENT HIGHLIGHTS
- Highly visible two-story building in excellent condition.
- 300' from the Busy R Subway Train Entrances at 4th Ave. & 86th St. and served by Six Bus Lines: B-1; B-16; S79-SBS; S93;S53;B-63
- Well established tenants that serve the very dense and affluent Bay Ridge trade area.
EXECUTIVE SUMMARY
Prime Investment Property For Sale in Bay Ridge, Brooklyn. On the market for the first time in fifty years. Fully leased building to two successful tenants. Together they comprise 36,000 s.f. of selling space. The first floor tenant, DII, also makes full use of the 12,000 sf selling basement. Harbor Fitness fully occupies the second floor with 12,000 sf. Access to the second floor via an elevator and stairs.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
36,000 SF
Building Class
C
Year Built
1926
Price
$17,000,000
Price Per SF
$472.22
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.43
Lot Size
0.34 AC
Zoning
C4-2A - General Commercial Zone
Frontage
AMENITIES
- Bus Line
- Corner Lot
- Metro/Subway
- Signalized Intersection
Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (89)
Bike Score®
Very Bikeable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 06050-0007 | Improvements Assessment | $3,608,100 |
| Land Assessment | $499,500 | Total Assessment | $4,107,600 |
PROPERTY TAXES
Parcel Number
06050-0007
Land Assessment
$499,500
Improvements Assessment
$3,608,100
Total Assessment
$4,107,600
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8701-8711 4th Ave
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