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Marine Park Retail Portfolio 2 Retail Properties Offered at $8,500,000 in Brooklyn, NY
INVESTMENT HIGHLIGHTS
- Across from Kings Plaza Shopping Center
- Subway and Bus Stop Vicinity
- Near Floyd Bennet Field, Aviator Sports and Events Center, Marine Park and Marine Park Golf Course
EXECUTIVE SUMMARY
JA Cohen Advisory Group has been retained as the exclusive agent for ownership to offer an opportunity to purchase these 4 parcels of 25,300 SF retail space. It is located in Marine Park right across from the Kings Plaza shopping center.
• 2450 Flatbush Ave consists of a 2-story retail building with a 60’ front and 16,800 gross SF on a 60’ x 100’ lot. This property will be delivered vacant.
• 4201-4209 Ave U & 1275 Hendrickson St consists of 100’ frontage with 10,000 combined SF including 4 ground floor retail stores, all paying rents.
• 4201 AVE U consists of a 3,000 SF retail building with 2 stores on a 50’ x 60’ lot. This parcel is contiguous with 2175 Hendrickson Street & 4209 Ave U.
• 4209 AVE U consists of a 4,350 SF retail building with 2 stores on a 50’ x 60’ lot.
• 1275 Hendrickson Street consists of 2,650 SF and is connected to the store on 4201 Ave U.
• There are demo clauses in all the leases for re-tenanting. The Community Facility Far bonus is 2.0.
• 2450 Flatbush Ave consists of a 2-story retail building with a 60’ front and 16,800 gross SF on a 60’ x 100’ lot. This property will be delivered vacant.
• 4201-4209 Ave U & 1275 Hendrickson St consists of 100’ frontage with 10,000 combined SF including 4 ground floor retail stores, all paying rents.
• 4201 AVE U consists of a 3,000 SF retail building with 2 stores on a 50’ x 60’ lot. This parcel is contiguous with 2175 Hendrickson Street & 4209 Ave U.
• 4209 AVE U consists of a 4,350 SF retail building with 2 stores on a 50’ x 60’ lot.
• 1275 Hendrickson Street consists of 2,650 SF and is connected to the store on 4201 Ave U.
• There are demo clauses in all the leases for re-tenanting. The Community Facility Far bonus is 2.0.
PROPERTY FACTS
| Price | $8,500,000 | Number of Properties | 2 |
| Price / SF | $375.28 / SF | Individually For Sale | 2 |
| Cap Rate | 4.81% | Total Building Size | 22,650 SF |
| Sale Type | Investment | Total Land Area | 0.31 AC |
| Status | Active |
| Price | $8,500,000 |
| Price / SF | $375.28 / SF |
| Cap Rate | 4.81% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Building Size | 22,650 SF |
| Total Land Area | 0.31 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 2450 Flatbush Ave, Brooklyn, NY 11234 | Retail | 15,300 SF | 1987 | $5,000,000 |
|
4201-4209 Ave U.
4201-4209 Avenue U, Brooklyn, NY 11234 |
Retail | 7,350 SF | 1972 | $3,400,000 |
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Marine Park Retail Portfolio
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