110 BOERUM PLACE
BOERUM HILL, NY 11201 Net Leased Trophy Asset in the Heart of Boerum Hill Location: Located on the blockfront of Block / Lot: Lot Dimensions (1): Lot Dimensions (37): Lot SF (1 & 37): Building Dimensions (1): Building Dimensions (37): Commercial SF: Bubble SF: Residential SF: Total Gross SF: Residential Units: Commercial Units:
Boerum Place, Dean St. & Pacific St. 279 / 1, 37 136.33’ x 100’ (Approx. Irreg) 64’ x 50’ (Approx.) 17,433 136’ x 100’ (Approx. Irreg) 64’ x 50’ 18,000 10,000 10,000 38,000 10 1
Zoning: C2-4/R6A/R6B Zoning Lot 1: Dimensions: FAR (as of right): Buildable SF: Zoning Lot 37: Dimensions: FAR (as of right): Buildable SF: Total BSF: Existing SF: Additional Air Rights: Assessment (15/16): Taxes (15/16):
C2-4 / R6B 100.33’ x 100’ 2.00 20,066 C2-4 / R6A 100 x 100 (Irreg) 3.00 20,400 40,466 28,000 12,466 $3,448,618 $1,780,288 $183,779 (Paid by Tenant) $368,450
PROPERTY DESCRIPTION:
REET COURT ST
100’
BOERUM PLACE
100’
R6A R6B 1
110 Boerum Place presents an exceptional opportunity to invest in one of Brooklyn’s most popular residential neighborhoods that continues to thrive from the surrounding developments and immigration of national retailers.
50’
136.33’
64’ 50’
148.66’
The subject property is conveniently located in the Boerum Hill neighborhood of Brooklyn, a blossoming residential neighborhood known for its quaint tree-lined streets, historic brownstones, independent boutiques and ethnic restaurants. 110 Boerum Place is situated among 13 separate subway lines, just blocks away from the Borough Hall and MetroTech subway stations (2, 3, 4, 5, A, B, C, D, F, G, N, Q, R) that provide access to virtually anywhere in New York City.
PACIFIC STREET 37
Cushman & Wakefield is pleased to offer an extremely rare net lease investment opportunity in the heart of brownstone Brooklyn. 110 Boerum Place, is an iconic asset that is best recognized as the home of the New York Sports Club (NYSE Ticker: CLUB). The property is a mixed-use commercial building, consisting of one commercial unit and ten residential units. New York Sports Club has a NNN lease extending until 2020 with 1 (one ) 5 (five) year option. The owner’s only responsibility is the maintenance of the uncovered portion of the roof.
100’
DEAN STREET
C2-4 Zoning District
FOR MORE INFORMATION, PLEASE CONTACT: Stephen P. Palmese Vice Chairman (718) 307 6552
[email protected] Michael Mazzara Associate Director (718) 606 7052
[email protected] Thomas Freeland Associate Director (718) 606 7021
[email protected] James Berluti Associate (718) 606 7053
[email protected] CUSHMAN & WAKEFIELD 205 Montague Street Brooklyn, NY, 11201 nyinvestmentsales.com
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions, imposed by our client. The depiction in the above photography of any person, entity, sign, logo or property (other than Cushman & Wakefield’s client and the Property offered by Cushman & Wakefield) is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and Cushman & Wakefield or its client.