150 Ocean Parkway, UNIT #1 Brooklyn, NY 11218

///150 Ocean Parkway, UNIT #1 Brooklyn, NY 11218

150 Ocean Parkway, UNIT #1 Brooklyn, NY 11218

Asset Commercial Realty Group has been exclusively retained to market  150 Ocean Parkway, Unit #1 Brooklyn, NY 11218. This property is also known as 251 East 5th Street. The property is fully occupied with tenants. It offers a double frontage and entrance ability. Mix of Quality Medical Offices and Professional Offices on and below grade

Details

Features

  • Property is 100% Occupied
  • Block-thru property extending from East 5th Street through Ocean Parkway giving double frontage and entrance ability
  • Mix of Quality Medical Offices and Professional Offices on and below grade
  • Total Square feet of 10,817 with roughly 1,500 square feet being on ground floor
  • 6 On-site parking spots on a 1,170 SF lot size
  • New development completed in 2002
  • Most of the tenants have annual increases
  • Minimal Management NYC Retail Asset, NNN leases that cover all of the property expenses
  • Each tenant is responsible for their own maintenance and repairs
  • The Property is Surrounded by Local and National Retailers which includes AutoZone, Dunkin Donuts, FedEx, U.S. Post Office, T-Mobile, Rite Aid, Burger King and many more.
  • The property is surrounded by schools and medical centers such as: PS 130 The Parkside School, Brooklyn Prospect Charter School, The Brooklyn Hospital Center, Phila Yeshiva, PS 230 and other facilities
  • One block from the Brooklyn Public Library and several public parks such as the Prospect Park

Transportation

  • Property is strategically located two blocks away from the Fort Hamilton Parkway Subway Stop which services the F & G trains and surrounds multiple local and express buses such as the BM3, BM4, and B35
  • Easy access to the Prospect Expressway and Ocean Parkway highways

Additional Information

Asset Type

Office

City

Brooklyn

Neighborhood

Ocean Parkway

Price

$6,000,000

Cap Rate

6.45%

Net Operating Income

$387,368

 

Map

 

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Our strong relationships with national retailers & office tenants, the broader real estate community, brokers, contractors, architects, engineers, attorneys, and local municipalities offer significant benefits to property owners. We're proud to provide the most comprehensive investment sales, leasing, and property management services across Metropolitan New York and Long Island.

Contact Info

215-15 Northern Boulevard,
3rd Floor
Bayside, NY 11361

Phone: 646.586.2091

Fax: 646.767.6790

Web: www.assetcrg.com