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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

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
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)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Met Foodmarkets
Key Food
9Round
Shake Shack
Planet Fitness
Blink Fitness
TD Bank
Coast To Coast LLC
Foodtown
Citi

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01219-0044
Land Assessment
$19,350
Improvements Assessment
$411,300
Total Assessment
$430,650
  • Listing ID: 33111061

  • Date on Market: 9/9/2024

  • Last Updated:

  • Address: 689 Saint Marks Ave, Brooklyn, NY 11216

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