avenue
1580 avenue
FLATBUSH
®
F o r s a le | r e ta i l b u i ldi n g | B r o o k lyn , N Y 1 1 2 10 INVESTMENT OPPORTUNITY
Location:
Between Nostrand Ave. & Ave. H
1580 Flatbush Avenue is a two-story, 12,200 square foot
Block_Lot:
7558_11
(SF) retail building with frontage on both Flatbush and Nos-
Zoning:
C4-4A
trand Avenues. The property is currently 100% occupied by
Lot Size:
83.25’ x 133.2’ x 50.3’ x 84.08’*
two commercial tenants: Bank of America, which occupies
Lot SF: 6,667.91 SF*
approximately 4,944 SF on the ground floor, and The State
Building SF:
12,200 SF*
University of New York – Health Science Center at Brook-
Classification:
K2
lyn (HSCB), which occupies approximately 1,000 SF on the
Commercial FAR:
4.00
Residential FAR:
3.45 / 4.6**
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.
Assessment (16/17): $1,762,290 Taxes (16/17):
$187,790 *Approximate **Increase in FAR with Inclusionary Housing Program Bonus
DEMOGRAPHICS 2016 Demographics (Estimated) Population Average Household Income Traffic Count Subway Ridership
.25 mile
.5 mile
.75 mile
11,342
38,661
149,605
$69,408
$71,551
$73,735
40,670 (cars per day) 6,562,226 (annual)
ASKING PRICE: $14,300,000 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]
Dimitri P. Venekas 718.208.1843 [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
®
F o r s a le | r e ta i l b u i ldi n g | B r o o k lyn , N Y 11 2 1 0 Income & Expenses Revenue
(8/1/2016)* $805,906
(1/20/2017)* $857,523
(1/1/2018)* $866,458
Real Estate Taxes: BID Taxes: Maintenance: Insurance: Water/Sewer: Total Expenses:
Owner $187,790 $5,605 $1,250 $6,000 $1,890 $202,535
Owner $193,424 $5,773 $1,250 $6,000 $1,890 $208,337
Owner $199,226 $5,947 $1,250 $6,000 $1,890 $214,313
Gross Annual Income: Less Expenses: Net Operating Income (NOI):
$805,906 $202,535 $603,371
$857,523 $208,337 $649,185
$866,458 $214,313 $652,145
Net Operating Income (NOI):
$603,371
$649,185
$652,145
Gross Annual Income: Expenses
1580 avenue
FLATBUSH
Note: Lease abstracts upon request *Includes RE Taxes, Insurance, Water/Sewer, Repairs, Maintenance and Management Reimbursements
FLATBUSH AVENUE 6,562,226 Annual Ridership 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 5 train and 2 train. Additional transportation is provided by the B6, B11, Q35, B41, B100 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]
Dimitri P. Venekas 718.208.1843 [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
®
F o r s a le | r e ta i l b u i ldi n g | B r o o k lyn , N Y 1 1 2 10
nostrand avenue
sh
tbu fla n ave ue
east 31st street
ken rth
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el ill
ce pla
h
1580 avenue
FLATBUSH
Avenue H
sh
tbu fla ue
n ave
nostrand avenue
NEW MIXED-USE
DEVELOPMENT
62,594 SF
OF RETAIL
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]
Dimitri P. Venekas 718.208.1843 [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.
FLATBUSH
®
F o r s a le | r e ta i l b u i ldi n g | B r o o k lyn , N Y 1 1 2 10 INVESTMENT OPPORTUNITY
Location:
Between Nostrand Ave. & Ave. H
1580 Flatbush Avenue is a two-story, 12,200 square foot
Block_Lot:
7558_11
(SF) retail building with frontage on both Flatbush and Nos-
Zoning:
C4-4A
trand Avenues. The property is currently 100% occupied by
Lot Size:
83.25’ x 133.2’ x 50.3’ x 84.08’*
two commercial tenants: Bank of America, which occupies
Lot SF: 6,667.91 SF*
approximately 4,944 SF on the ground floor, and The State
Building SF:
12,200 SF*
University of New York – Health Science Center at Brook-
Classification:
K2
lyn (HSCB), which occupies approximately 1,000 SF on the
Commercial FAR:
4.00
Residential FAR:
3.45 / 4.6**
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.
Assessment (16/17): $1,762,290 Taxes (16/17):
$187,790 *Approximate **Increase in FAR with Inclusionary Housing Program Bonus
DEMOGRAPHICS 2016 Demographics (Estimated) Population Average Household Income Traffic Count Subway Ridership
.25 mile
.5 mile
.75 mile
11,342
38,661
149,605
$69,408
$71,551
$73,735
40,670 (cars per day) 6,562,226 (annual)
ASKING PRICE: $14,300,000 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]
Dimitri P. Venekas 718.208.1843 [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
®
F o r s a le | r e ta i l b u i ldi n g | B r o o k lyn , N Y 11 2 1 0 Income & Expenses Revenue
(8/1/2016)* $805,906
(1/20/2017)* $857,523
(1/1/2018)* $866,458
Real Estate Taxes: BID Taxes: Maintenance: Insurance: Water/Sewer: Total Expenses:
Owner $187,790 $5,605 $1,250 $6,000 $1,890 $202,535
Owner $193,424 $5,773 $1,250 $6,000 $1,890 $208,337
Owner $199,226 $5,947 $1,250 $6,000 $1,890 $214,313
Gross Annual Income: Less Expenses: Net Operating Income (NOI):
$805,906 $202,535 $603,371
$857,523 $208,337 $649,185
$866,458 $214,313 $652,145
Net Operating Income (NOI):
$603,371
$649,185
$652,145
Gross Annual Income: Expenses
1580 avenue
FLATBUSH
Note: Lease abstracts upon request *Includes RE Taxes, Insurance, Water/Sewer, Repairs, Maintenance and Management Reimbursements
FLATBUSH AVENUE 6,562,226 Annual Ridership 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 5 train and 2 train. Additional transportation is provided by the B6, B11, Q35, B41, B100 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]
Dimitri P. Venekas 718.208.1843 [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
®
F o r s a le | r e ta i l b u i ldi n g | B r o o k lyn , N Y 1 1 2 10
nostrand avenue
sh
tbu fla n ave ue
east 31st street
ken rth
o ilw ce pla
el ill
ce pla
h
1580 avenue
FLATBUSH
Avenue H
sh
tbu fla ue
n ave
nostrand avenue
NEW MIXED-USE
DEVELOPMENT
62,594 SF
OF RETAIL
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]
Dimitri P. Venekas 718.208.1843 [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.
