6519-6523 18th avenue - Massey Knakal
FOR SALE
6519-6523 18TH AVENUE Bensonhurst, Brooklyn, NY 11204
CORNER COMMERCIAL BUILDINGS
PROPERTY FEATURES
PROPERTY DESCRIPTION •
•
•
•
Two adjacent, two story commercial buildings each containing 1 retail unit and 1 office unit. There is also a small parking lot in the back. More than sixty percent of the retail space is anchored by Capital One Bank, an investment grade bank. There is a 15 year NN lease with ten percent increases every 5 years and two five-year options to renew. The smaller interior retail space, currently occupied by All American Athletes, will be delivered vacant. The office spaces on the second floor will also be delivered vacant. This stretch of 18th Avenue is one of the major retail thoroughfares within South Brooklyn, making it a sought after destination for national retailers such as Chase, Bank of America, TD Bank, CVS, Walgreens, Starbucks, and more, which are all located in the immediate vicinity.
•
The property is located two blocks away from the 18th Avenue & 64th Street N train station and directly in front of the 18th Avenue B8 bus stop.
•
Substantial air rights available.
ASKING PRICE
$9,900,000
Location
The northeast corner of 18th Avenue & 66th Street
Block
5554
Lots
Total 1 & 3
1
3
Lot Dimensions
60’ x 87.5’
40’ x 87.5’
20’ x 87.5’
Lot Size (SF)
5,250
3,500
1,750
1st
Floor (SF)
4,630
2,880
1,750
2nd Floor (SF)
3,440
2,440
1,000
Building Size (SF)
8,070
5,320
2,750
Stories
2 plus bsmt.
Assessment (16/17)
$825,340
$667,350
$157,990
Taxes (16/17)
$87,271
$70,566
$16,706
Zoning
C4-2 (R6 Equivalent)
FAR
Residential 2.43
Commercial 3.40
Com. Facility 4.80
Total Buildable SF
12,758
17,850
25,200
Available Air Rights (BSF)
4,688
9,780
17,130
All measurements, square footage, & zoning information should be independently verified
Brokers representing principals to be paid by their clients
For more information, please contact: Jeffrey A. Shalom Executive Director 718 307 6558 [email protected]
Stephen Vorvolakos Senior Associate CUSHMAN & WAKEFIELD 718 307 6559 One Pierrepont Plaza, 9th Floor, Brooklyn, NY 11201 [email protected] cushmanwakefield.com
Caroline Hodes Associate 718 307 6557 [email protected]
CUSHMAN & WAKEFIELD One Pierrepont Plaza, 9th Floor, Brooklyn, NY 11201 cushmanwakefield.com
Cushman & Wakefield copyright 2016. No warranty or representation, express or implied, is made to the accuracy or completeness 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 the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
FOR SALE
6519-6523 18TH AVENUE
65TH STREET
66TH STREET
67TH STREET
Bensonhurst, Brooklyn, NY 11204
N
(Coming Soon)
N 6519-6523 18TH AVENUE
RENT ROLL TENANT STATUS
ANNUAL RENT
GROSS TAX REIMBURSEMENT ANNUAL RENT
LEVEL
CAPITAL ONE
GROUND & BASEMENT
OCCUPIED
2,800
9/30/2023*
$ 100
$ 23,375
$ 280,500
RETAIL
GROUND & BASEMENT
VACANT
1,750
N/A
$ 55
$ 8,021
$ 96,250
$ 96,250
OFFICE 1
2ND FLOOR
VACANT
2,440
N/A
$ 35
$ 7,117
$ 85,400
$ 85,400
OFFICE 2
2ND FLOOR
VACANT
1,000
N/A
$ 40
$ 3,333
$ 40,000
$ 40,000
$ 63
$ 41,846
$ 502,150
$ 555,075
TOTAL
NET S.F.
EXPIRATION
7,990
BASE $ / S.F
MONTHLY RENT
UNIT
$ 52,925
$ 333,425
* 10% increases every 5 years. Two 5-year options. Expiration date to be verified. Tenant pays all of their utilities & 75% of the taxes for lot 1 All measurements and square footage are approximate and should be independently verified Projected due to tenant vacancy status
ASKING PRICE
$9,900,000 Brokers representing principals to be paid by their clients
For more information, please contact: Jeffrey A. Shalom Executive Director 718 307 6558 [email protected]
Stephen Vorvolakos Senior Associate CUSHMAN & WAKEFIELD 718 307 6559 One Pierrepont Plaza, 9th Floor, Brooklyn, NY 11201 [email protected] cushmanwakefield.com
Caroline Hodes Associate 718 307 6557 [email protected]
CUSHMAN & WAKEFIELD One Pierrepont Plaza, 9th Floor, Brooklyn, NY 11201 cushmanwakefield.com
Cushman & Wakefield copyright 2016. No warranty or representation, express or implied, is made to the accuracy or completeness 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 the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Date: _______________________ Jeffrey A. Shalom Cushman & Wakefield Via Fax: (347) 823-1370 Via email: [email protected]
Direct Phone: (718) 307-6558
RE: 6519-6523 18th Avenue (block 5554/ lots 1, 3), Brooklyn, New York 11204 This letter is to serve as a formal offer for the purchase of the above referenced property. The offer is as follows: BUYER’NAME:
__________________________________
BUYER’S ADDRESS:
__________________________________
BUYER’S PHONE:
__________________________________
PRICE:
$_________________________
CONTRACT DEPOSIT:
$_________________________ (minimum 10%)
TIME TO CLOSE:
_____ Days after contract signing.
PREFERENCE WILL BE GIVEN TO OFFERS WITH NO CONTINGENCIES IS THIS BID SUBJECT TO: circle yes or no FINANCING: YES / NO. IF YES, HOW MUCH? $____________________ DUE DILIGENCE: YES / NO. IF YES, HOW LONG? ___________ Days OTHER CONTINGENCIES: YES / NO. IF YES, EXPLAIN_________________________ ______________________________________________________________________________ BROKERAGE: Cushman & Wakefield Realty of Brooklyn, LLC to be paid by Seller pursuant to a separate agreement. Please bear in mind that no offer shall be deemed “Acceptable” unless and until such time as a formal contract of sale is executed, the contract deposit is received and a countersigned copy of the contract is returned to Buyer. I am making this offer on my behalf as a principal. Very truly yours,
By:_____________________
6519-6523 18TH AVENUE Bensonhurst, Brooklyn, NY 11204
CORNER COMMERCIAL BUILDINGS
PROPERTY FEATURES
PROPERTY DESCRIPTION •
•
•
•
Two adjacent, two story commercial buildings each containing 1 retail unit and 1 office unit. There is also a small parking lot in the back. More than sixty percent of the retail space is anchored by Capital One Bank, an investment grade bank. There is a 15 year NN lease with ten percent increases every 5 years and two five-year options to renew. The smaller interior retail space, currently occupied by All American Athletes, will be delivered vacant. The office spaces on the second floor will also be delivered vacant. This stretch of 18th Avenue is one of the major retail thoroughfares within South Brooklyn, making it a sought after destination for national retailers such as Chase, Bank of America, TD Bank, CVS, Walgreens, Starbucks, and more, which are all located in the immediate vicinity.
•
The property is located two blocks away from the 18th Avenue & 64th Street N train station and directly in front of the 18th Avenue B8 bus stop.
•
Substantial air rights available.
ASKING PRICE
$9,900,000
Location
The northeast corner of 18th Avenue & 66th Street
Block
5554
Lots
Total 1 & 3
1
3
Lot Dimensions
60’ x 87.5’
40’ x 87.5’
20’ x 87.5’
Lot Size (SF)
5,250
3,500
1,750
1st
Floor (SF)
4,630
2,880
1,750
2nd Floor (SF)
3,440
2,440
1,000
Building Size (SF)
8,070
5,320
2,750
Stories
2 plus bsmt.
Assessment (16/17)
$825,340
$667,350
$157,990
Taxes (16/17)
$87,271
$70,566
$16,706
Zoning
C4-2 (R6 Equivalent)
FAR
Residential 2.43
Commercial 3.40
Com. Facility 4.80
Total Buildable SF
12,758
17,850
25,200
Available Air Rights (BSF)
4,688
9,780
17,130
All measurements, square footage, & zoning information should be independently verified
Brokers representing principals to be paid by their clients
For more information, please contact: Jeffrey A. Shalom Executive Director 718 307 6558 [email protected]
Stephen Vorvolakos Senior Associate CUSHMAN & WAKEFIELD 718 307 6559 One Pierrepont Plaza, 9th Floor, Brooklyn, NY 11201 [email protected] cushmanwakefield.com
Caroline Hodes Associate 718 307 6557 [email protected]
CUSHMAN & WAKEFIELD One Pierrepont Plaza, 9th Floor, Brooklyn, NY 11201 cushmanwakefield.com
Cushman & Wakefield copyright 2016. No warranty or representation, express or implied, is made to the accuracy or completeness 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 the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
FOR SALE
6519-6523 18TH AVENUE
65TH STREET
66TH STREET
67TH STREET
Bensonhurst, Brooklyn, NY 11204
N
(Coming Soon)
N 6519-6523 18TH AVENUE
RENT ROLL TENANT STATUS
ANNUAL RENT
GROSS TAX REIMBURSEMENT ANNUAL RENT
LEVEL
CAPITAL ONE
GROUND & BASEMENT
OCCUPIED
2,800
9/30/2023*
$ 100
$ 23,375
$ 280,500
RETAIL
GROUND & BASEMENT
VACANT
1,750
N/A
$ 55
$ 8,021
$ 96,250
$ 96,250
OFFICE 1
2ND FLOOR
VACANT
2,440
N/A
$ 35
$ 7,117
$ 85,400
$ 85,400
OFFICE 2
2ND FLOOR
VACANT
1,000
N/A
$ 40
$ 3,333
$ 40,000
$ 40,000
$ 63
$ 41,846
$ 502,150
$ 555,075
TOTAL
NET S.F.
EXPIRATION
7,990
BASE $ / S.F
MONTHLY RENT
UNIT
$ 52,925
$ 333,425
* 10% increases every 5 years. Two 5-year options. Expiration date to be verified. Tenant pays all of their utilities & 75% of the taxes for lot 1 All measurements and square footage are approximate and should be independently verified Projected due to tenant vacancy status
ASKING PRICE
$9,900,000 Brokers representing principals to be paid by their clients
For more information, please contact: Jeffrey A. Shalom Executive Director 718 307 6558 [email protected]
Stephen Vorvolakos Senior Associate CUSHMAN & WAKEFIELD 718 307 6559 One Pierrepont Plaza, 9th Floor, Brooklyn, NY 11201 [email protected] cushmanwakefield.com
Caroline Hodes Associate 718 307 6557 [email protected]
CUSHMAN & WAKEFIELD One Pierrepont Plaza, 9th Floor, Brooklyn, NY 11201 cushmanwakefield.com
Cushman & Wakefield copyright 2016. No warranty or representation, express or implied, is made to the accuracy or completeness 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 the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Date: _______________________ Jeffrey A. Shalom Cushman & Wakefield Via Fax: (347) 823-1370 Via email: [email protected]
Direct Phone: (718) 307-6558
RE: 6519-6523 18th Avenue (block 5554/ lots 1, 3), Brooklyn, New York 11204 This letter is to serve as a formal offer for the purchase of the above referenced property. The offer is as follows: BUYER’NAME:
__________________________________
BUYER’S ADDRESS:
__________________________________
BUYER’S PHONE:
__________________________________
PRICE:
$_________________________
CONTRACT DEPOSIT:
$_________________________ (minimum 10%)
TIME TO CLOSE:
_____ Days after contract signing.
PREFERENCE WILL BE GIVEN TO OFFERS WITH NO CONTINGENCIES IS THIS BID SUBJECT TO: circle yes or no FINANCING: YES / NO. IF YES, HOW MUCH? $____________________ DUE DILIGENCE: YES / NO. IF YES, HOW LONG? ___________ Days OTHER CONTINGENCIES: YES / NO. IF YES, EXPLAIN_________________________ ______________________________________________________________________________ BROKERAGE: Cushman & Wakefield Realty of Brooklyn, LLC to be paid by Seller pursuant to a separate agreement. Please bear in mind that no offer shall be deemed “Acceptable” unless and until such time as a formal contract of sale is executed, the contract deposit is received and a countersigned copy of the contract is returned to Buyer. I am making this offer on my behalf as a principal. Very truly yours,
By:_____________________
