3902-3910 Church Avenue, Brooklyn, NY 11203

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3902-3910 Church Avenue, Brooklyn, NY 11203

Asset Commercial Realty Group has been exclusively retained to market the leasehold interest in 3902 Church Ave, Brooklyn NY, a fully leased Retail Building in the East Flatbush neighborhood of Brooklyn. 

The building, constructed in 2011, spans a total of 6,300 SF on a 8,750 SF lot. The property is situated on a square lot providing huge visibility to all tenants on major avenue and street: East 39, Church Avenue.  The property includes car parking spots in the front.

The entire building is 100% leased to 6 retail Tenants.  All tenants have built in 3% annual increases with reimbursement for Real Estate Taxes of the Base Year of their Lease.

 

Map

Details

The building is near a heavily trafficked street of Church Avenue. The building is also adjacent to SUNY Downstate Medical Center.

The building is well positioned with great access to public transportation.  Its near many public and express buses, and highways such as Church Avenue bustles with many retailers with a great amount of foot and car traffic.

Collectively, the asset produces a Net Operating Income (NOI) of $135,639. Ownership has set the asking price at $1,500,000 which reflects a 9.04% CAP rate. 

Additional Information

Asset Type

Retail

City

Brooklyn

Neighborhood

East Flatbush

Price

$1,500,000

Building Size

6,299

Cap Rate

9.04%

Video

 

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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