689 Saint Marks Ave
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689 Saint Marks Ave
6,360 SF 100% Leased Retail Building Brooklyn, NY 11216 $4,100,000 ($645/SF) 7% Cap Rate
Executive Summary
100% occupied and minimal management. High 7% cap rate. 6360 SF Mixed-used building on the corner of Nostrand Avenue and Saint Marks surrounded by Brownstones.
• It’s on one of the busiest avenues in Brooklyn
• Free market building
• Strong commercial tenants
• Very close to the 2345 A & C Train
• It’s on one of the busiest avenues in Brooklyn
• Free market building
• Strong commercial tenants
• Very close to the 2345 A & C Train
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,360 SF
Building Class
B
Year Built/Renovated
1910/2018
Price
$4,100,000
Price Per SF
$645
Cap Rate
7%
NOI
$287,000
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
3.65
Lot Size
0.04 AC
Zoning
R6, Brooklyn
Frontage
20 FT on Saint Marks
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (93)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 01219-0044 | Improvements Assessment | $411,300 |
Land Assessment | $19,350 | Total Assessment | $430,650 |
PROPERTY TAXES
Parcel Number
01219-0044
Land Assessment
$19,350
Improvements Assessment
$411,300
Total Assessment
$430,650
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689 Saint Marks Ave
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