57 4th Ave 4,526 SF 100% Leased Retail Building Brooklyn, NY 11217 $5,200,000 ($1,148.92/SF) 5.35% Cap Rate
INVESTMENT HIGHLIGHTS
- One block from the Barclays Center
- Prime Park Slope, Located at the corner of 4th Avenue & Bergen Street
- In close proximity to over 10 subway lines
EXECUTIVE SUMMARY
Attractive Assumable Debt - $4.375M at 4.28% thru 2031.
Prime Park Slope. Located at corner of 4th Ave & Bergen Street. 4 story walkup. All 3-bedroom / 2 Bath apartments.
Luxury Finishings.
All Free-Market Units
4,939 SF of Air Rights
Retail Tenants Below Market
Block's from Barclays Center and Apple Store
Steps over from 10 subway lines
Inquire For Pricing
Prime Park Slope. Located at corner of 4th Ave & Bergen Street. 4 story walkup. All 3-bedroom / 2 Bath apartments.
Luxury Finishings.
All Free-Market Units
4,939 SF of Air Rights
Retail Tenants Below Market
Block's from Barclays Center and Apple Store
Steps over from 10 subway lines
Inquire For Pricing
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,526 SF
Building Class
C
Year Built/Renovated
1920/2019
Price
$5,200,000
Price Per SF
$1,148.92
Cap Rate
5.35%
NOI
$278,200
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
2.60
Lot Size
0.04 AC
Zoning
C4-4D/G - Commercial
Frontage
AMENITIES
- Bus Line
- Corner Lot
- Metro/Subway
- Signalized Intersection
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (94)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 00930-0077 | Improvements Assessment | $624,600 |
| Land Assessment | $229,950 | Total Assessment | $854,550 |
CONTACT
-
Michael Sherman -
Baseline Real Estate Advisors
