3482-3492 nostrand - AGORAFY
3482-3492
®
nostrand
avenue
F O R S A L E | r e ta i l b u i l d i n g | s h e e p s h e a d b ay, b r o o k ly n , N Y 1 1 2 2 9
INVESTMENT SUMMARY
PROPERTY FACTS
CPEX Real Estate has been exclusively retained to market for
Address:
3482-3492 Nostrand Avenue
sale the commercial building at 3482-3492 Nostrand Avenue
Location:
Between Gravesend Neck Rd & Avenue V
(“the Property”), located in the Sheepshead Bay neighborhood
Block_Lot:
7362_24
of Brooklyn, NY 11229. The property is NNN leased by Perry’s
Lot Dimensions:
100’ x 105’*
Seafood Restaurant Inc.
Lot SF:
10,500’*
3482-3492 Nostrand Avenue is a one-story retail building that consists of 3,418 square feet and a full basement with high ceilings. With a footprint of 100’ x 105’, the lot measures approximately 10,500 square feet, which includes ample on-site parking. The Property’s prime location on Nostrand Avenue, one of Brooklyn’s major retail thoroughfares, coupled with its strong cash flow, make this an excellent opportunity for an investor looking for strong return and no management obligations.
Building Dimensions: 75’ x 60.17’* Gross Building SF:
3,418’*
Basement SF:
3,418’*
Stories/Units:
1/1
Zoning:
R4/C1-2
Commercial FAR:
1.00
Residential FAR:
0.75
Assessment (15/16):
$368,820
RE Taxes (2015/16):
$39,405 *Approximate
PROPERTY FEATURES • • • •
NNN Lease Opportunity – 100% leased to Perry’s Seafood Restaurant Inc. Access & Visibility – 100’ of frontage on one of Brooklyn’s major retail corridors Rent Escalations – 3% annual rental increases for the next six years Future Upside – The site contains 10,500 buildable square feet for a future commercial/retail development
Nostrand Avenue 105
Gra
100
105 100
d
Roa
7362
Avenue V
k Nec end
ves
24
East 29th Street
ASKING PRICE: $4,000,000
Note: Please inquire for full income & expenses For Further Information, Please Contact Exclusive Sales Team: Timothy D. King 718.687.4210 [email protected]
Andre Sigourney 718.687.4228 [email protected]
Dimitri 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.
3482-3492
®
nostrand
avenue
F O R S A L E | r e ta i l b u i l d i n g | s h e e p s h e a d b ay, b r o o k ly n , N Y 1 1 2 2 9
3482-3492
nostrand
avenue
DEMOGRAPHICS Description Distance (Miles)
Radius 1 0.00- 1.00
Radius 2 Radius 3 0.00- 2.00 0.00- 3.00
Population 2015 Estimate
101,170
340,649
684,151
2015 Est. Average Household Income
$71,783
$71,045
$68,440
Traffic Count
18.287 (cars/day)
ASKING PRICE: $4,000,000
Note: Please inquire for full income & expenses For Further Information, Please Contact Exclusive Sales Team: Timothy D. King 718.687.4210 [email protected]
Andre Sigourney 718.687.4228 [email protected]
Dimitri 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.
®
nostrand
avenue
F O R S A L E | r e ta i l b u i l d i n g | s h e e p s h e a d b ay, b r o o k ly n , N Y 1 1 2 2 9
INVESTMENT SUMMARY
PROPERTY FACTS
CPEX Real Estate has been exclusively retained to market for
Address:
3482-3492 Nostrand Avenue
sale the commercial building at 3482-3492 Nostrand Avenue
Location:
Between Gravesend Neck Rd & Avenue V
(“the Property”), located in the Sheepshead Bay neighborhood
Block_Lot:
7362_24
of Brooklyn, NY 11229. The property is NNN leased by Perry’s
Lot Dimensions:
100’ x 105’*
Seafood Restaurant Inc.
Lot SF:
10,500’*
3482-3492 Nostrand Avenue is a one-story retail building that consists of 3,418 square feet and a full basement with high ceilings. With a footprint of 100’ x 105’, the lot measures approximately 10,500 square feet, which includes ample on-site parking. The Property’s prime location on Nostrand Avenue, one of Brooklyn’s major retail thoroughfares, coupled with its strong cash flow, make this an excellent opportunity for an investor looking for strong return and no management obligations.
Building Dimensions: 75’ x 60.17’* Gross Building SF:
3,418’*
Basement SF:
3,418’*
Stories/Units:
1/1
Zoning:
R4/C1-2
Commercial FAR:
1.00
Residential FAR:
0.75
Assessment (15/16):
$368,820
RE Taxes (2015/16):
$39,405 *Approximate
PROPERTY FEATURES • • • •
NNN Lease Opportunity – 100% leased to Perry’s Seafood Restaurant Inc. Access & Visibility – 100’ of frontage on one of Brooklyn’s major retail corridors Rent Escalations – 3% annual rental increases for the next six years Future Upside – The site contains 10,500 buildable square feet for a future commercial/retail development
Nostrand Avenue 105
Gra
100
105 100
d
Roa
7362
Avenue V
k Nec end
ves
24
East 29th Street
ASKING PRICE: $4,000,000
Note: Please inquire for full income & expenses For Further Information, Please Contact Exclusive Sales Team: Timothy D. King 718.687.4210 [email protected]
Andre Sigourney 718.687.4228 [email protected]
Dimitri 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.
3482-3492
®
nostrand
avenue
F O R S A L E | r e ta i l b u i l d i n g | s h e e p s h e a d b ay, b r o o k ly n , N Y 1 1 2 2 9
3482-3492
nostrand
avenue
DEMOGRAPHICS Description Distance (Miles)
Radius 1 0.00- 1.00
Radius 2 Radius 3 0.00- 2.00 0.00- 3.00
Population 2015 Estimate
101,170
340,649
684,151
2015 Est. Average Household Income
$71,783
$71,045
$68,440
Traffic Count
18.287 (cars/day)
ASKING PRICE: $4,000,000
Note: Please inquire for full income & expenses For Further Information, Please Contact Exclusive Sales Team: Timothy D. King 718.687.4210 [email protected]
Andre Sigourney 718.687.4228 [email protected]
Dimitri 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.
