avenue - Agorafy
®
1580 avenue
flatbush
For sale | retail building| Brooklyn, NY, 11210 INVESTMENT OPPORTUNITY 1580 Flatbush Avenue is a two-story, 12,200 square foot (SF) retail building with frontage on both Flatbush and Nostrand Avenues. The property is currently 100% occupied by two commercial tenants: Bank of America, which occupies approximately 4,944 SF on the ground floor, and The State University of New York – Health Science Center at Brooklyn (HSCB), which occupies approximately 1,000 SF on the ground floor and 6,000 SF on the second floor. The property’s main on main location, coupled with the strength of its two tenants, make this a one of a kind opportunity to own a prime piece of the Flatbush Avenue Junction.
Location: Between Nostrand Ave. & Ave. H Block/Lot: 7558/11 Zoning: C4-4A Lot Size: 83.25’ x 133.2’ x 50.3’ x 84.08’* * approximate Lot SF: 6,667.91 SF* Building SF: 12,200 SF* Classification: K2 Commercial FAR: 4.00 Residential FAR: 3.45 / 4.6** Assessment (14/15): $1,472,670 Taxes (14/15): $157,340 DEMOGRAPHICS
**Increase in FAR with Inclusionary Housing Program Bonus
2014 Demographics (Estimated)
.25 mile
.5 mile
.75 mile
POPULATION
11,261
38,437
86,752
AVERAGE HOUSEHOLD INCOME
$61,224
$65,790
$67,737
TRAFFIC COUNT
28,043 (cars per day)
ASKING PRICE: $16,000,000 For Further Information, Please Contact Exclusive Sales Team: Timothy D. King 718.687.4210 [email protected]
Andre R. Sigourney 718.687.4228 [email protected]
Harrison J. Balisky 718.687.4214 [email protected]
CPEX Real Estate | 81 Willoughby Street, 8th Fl | Brooklyn, NY 11201 | Tel: (718) 935-1800 | Fax: (718) 935-1822 | www.cpexre.com
All information contained herein was provided by or obtained from the owner of the property or from sources that we deem reliable. Though we have no reason to doubt the validity of the information, we do not warrant any information disclosed. IT IS STRONGLY URGED THAT THE PROSPECTIVE PURCHASER CAREFULLY VERIFY EACH ITEM OF SIZE, RE TAXES, PERMITTED LEGAL USE, AND ALL OTHER INFORMATION PRESENTED HEREIN.
1580 avenue
flatbush
®
For sale | retail building| Brooklyn, NY, 11210 Income & Expenses Revenue Bank of America Income (1st Floor) SUNY - HSCB Income (1st & 2nd Floor) Total Reimburesments* Gross Annual Income
Expenses
$359,922.96 $169,359.60 $196,417.04 $725,699.60
Tenant -
Real Estate Taxes (14-15) Insurance Water/Sewer Total Expenses
Owner $157,340.00 $6,000.00 $2,000.00 $165,340.00
Gross Annual Income Less Expenses: Net Operating Income (NOI):
$725,699.60 $165,340.00 $560,359.60
Actual NOI
$560,359.60
1580 avenue
flatbush
*Includes RE Taxes, Insurance, Water/Sewer, Repairs, Maintenance and Management Note: Lease abstracts upon request
PUBLIC TRANSPORTATION The subject property has phenomenal transportation access. It is located immediately adjacent to the Flatbush Avenue-Brooklyn College subway station, which is serviced by the express train and train. Additional transportation is provided by the B11, B6, B41, B100 and Q35 buses, all of which stop within one block of the property. The location also sees a traffic count of 40,670 vehicles daily.
For Further Information, Please Contact Exclusive Sales Team: Timothy D. King 718.687.4210 [email protected]
Andre R. Sigourney 718.687.4228 [email protected]
Harrison J. Balisky 718.687.4214 [email protected]
CPEX Real Estate | 81 Willoughby Street, 8th Fl | Brooklyn, NY 11201 | Tel: (718) 935-1800 | Fax: (718) 935-1822 | www.cpexre.com
All information contained herein was provided by or obtained from the owner of the property or from sources that we deem reliable. Though we have no reason to doubt the validity of the information, we do not warrant any information disclosed. IT IS STRONGLY URGED THAT THE PROSPECTIVE PURCHASER CAREFULLY VERIFY EACH ITEM OF SIZE, RE TAXES, PERMITTED LEGAL USE, AND ALL OTHER INFORMATION PRESENTED HEREIN.
®
1580 avenue
flatbush
For sale | retail building| Brooklyn, NY, 11210
1580 avenue
flatbush
For Further Information, Please Contact Exclusive Sales Team: Timothy D. King 718.687.4210 [email protected]
Andre R. Sigourney 718.687.4228 [email protected]
Harrison J. Balisky 718.687.4214 [email protected]
CPEX Real Estate | 81 Willoughby Street, 8th Fl | Brooklyn, NY 11201 | Tel: (718) 935-1800 | Fax: (718) 935-1822 | www.cpexre.com
All information contained herein was provided by or obtained from the owner of the property or from sources that we deem reliable. Though we have no reason to doubt the validity of the information, we do not warrant any information disclosed. IT IS STRONGLY URGED THAT THE PROSPECTIVE PURCHASER CAREFULLY VERIFY EACH ITEM OF SIZE, RE TAXES, PERMITTED LEGAL USE, AND ALL OTHER INFORMATION PRESENTED HEREIN.
1580 avenue
flatbush
For sale | retail building| Brooklyn, NY, 11210 INVESTMENT OPPORTUNITY 1580 Flatbush Avenue is a two-story, 12,200 square foot (SF) retail building with frontage on both Flatbush and Nostrand Avenues. The property is currently 100% occupied by two commercial tenants: Bank of America, which occupies approximately 4,944 SF on the ground floor, and The State University of New York – Health Science Center at Brooklyn (HSCB), which occupies approximately 1,000 SF on the ground floor and 6,000 SF on the second floor. The property’s main on main location, coupled with the strength of its two tenants, make this a one of a kind opportunity to own a prime piece of the Flatbush Avenue Junction.
Location: Between Nostrand Ave. & Ave. H Block/Lot: 7558/11 Zoning: C4-4A Lot Size: 83.25’ x 133.2’ x 50.3’ x 84.08’* * approximate Lot SF: 6,667.91 SF* Building SF: 12,200 SF* Classification: K2 Commercial FAR: 4.00 Residential FAR: 3.45 / 4.6** Assessment (14/15): $1,472,670 Taxes (14/15): $157,340 DEMOGRAPHICS
**Increase in FAR with Inclusionary Housing Program Bonus
2014 Demographics (Estimated)
.25 mile
.5 mile
.75 mile
POPULATION
11,261
38,437
86,752
AVERAGE HOUSEHOLD INCOME
$61,224
$65,790
$67,737
TRAFFIC COUNT
28,043 (cars per day)
ASKING PRICE: $16,000,000 For Further Information, Please Contact Exclusive Sales Team: Timothy D. King 718.687.4210 [email protected]
Andre R. Sigourney 718.687.4228 [email protected]
Harrison J. Balisky 718.687.4214 [email protected]
CPEX Real Estate | 81 Willoughby Street, 8th Fl | Brooklyn, NY 11201 | Tel: (718) 935-1800 | Fax: (718) 935-1822 | www.cpexre.com
All information contained herein was provided by or obtained from the owner of the property or from sources that we deem reliable. Though we have no reason to doubt the validity of the information, we do not warrant any information disclosed. IT IS STRONGLY URGED THAT THE PROSPECTIVE PURCHASER CAREFULLY VERIFY EACH ITEM OF SIZE, RE TAXES, PERMITTED LEGAL USE, AND ALL OTHER INFORMATION PRESENTED HEREIN.
1580 avenue
flatbush
®
For sale | retail building| Brooklyn, NY, 11210 Income & Expenses Revenue Bank of America Income (1st Floor) SUNY - HSCB Income (1st & 2nd Floor) Total Reimburesments* Gross Annual Income
Expenses
$359,922.96 $169,359.60 $196,417.04 $725,699.60
Tenant -
Real Estate Taxes (14-15) Insurance Water/Sewer Total Expenses
Owner $157,340.00 $6,000.00 $2,000.00 $165,340.00
Gross Annual Income Less Expenses: Net Operating Income (NOI):
$725,699.60 $165,340.00 $560,359.60
Actual NOI
$560,359.60
1580 avenue
flatbush
*Includes RE Taxes, Insurance, Water/Sewer, Repairs, Maintenance and Management Note: Lease abstracts upon request
PUBLIC TRANSPORTATION The subject property has phenomenal transportation access. It is located immediately adjacent to the Flatbush Avenue-Brooklyn College subway station, which is serviced by the express train and train. Additional transportation is provided by the B11, B6, B41, B100 and Q35 buses, all of which stop within one block of the property. The location also sees a traffic count of 40,670 vehicles daily.
For Further Information, Please Contact Exclusive Sales Team: Timothy D. King 718.687.4210 [email protected]
Andre R. Sigourney 718.687.4228 [email protected]
Harrison J. Balisky 718.687.4214 [email protected]
CPEX Real Estate | 81 Willoughby Street, 8th Fl | Brooklyn, NY 11201 | Tel: (718) 935-1800 | Fax: (718) 935-1822 | www.cpexre.com
All information contained herein was provided by or obtained from the owner of the property or from sources that we deem reliable. Though we have no reason to doubt the validity of the information, we do not warrant any information disclosed. IT IS STRONGLY URGED THAT THE PROSPECTIVE PURCHASER CAREFULLY VERIFY EACH ITEM OF SIZE, RE TAXES, PERMITTED LEGAL USE, AND ALL OTHER INFORMATION PRESENTED HEREIN.
®
1580 avenue
flatbush
For sale | retail building| Brooklyn, NY, 11210
1580 avenue
flatbush
For Further Information, Please Contact Exclusive Sales Team: Timothy D. King 718.687.4210 [email protected]
Andre R. Sigourney 718.687.4228 [email protected]
Harrison J. Balisky 718.687.4214 [email protected]
CPEX Real Estate | 81 Willoughby Street, 8th Fl | Brooklyn, NY 11201 | Tel: (718) 935-1800 | Fax: (718) 935-1822 | www.cpexre.com
All information contained herein was provided by or obtained from the owner of the property or from sources that we deem reliable. Though we have no reason to doubt the validity of the information, we do not warrant any information disclosed. IT IS STRONGLY URGED THAT THE PROSPECTIVE PURCHASER CAREFULLY VERIFY EACH ITEM OF SIZE, RE TAXES, PERMITTED LEGAL USE, AND ALL OTHER INFORMATION PRESENTED HEREIN.
