5107-5111 4th Avenue, Sunset Park, Brooklyn | Blink

///5107-5111 4th Avenue, Sunset Park, Brooklyn | Blink

5107-5111 4th Avenue, Sunset Park, Brooklyn | Blink

Asset Commercial Realty Group has been exclusively retained to market 5107-5111 4th Avenue, a fully leased commercial Building in the Sunset Park neighborhood of Brooklyn.  

The building spans a total of 15,000 SF with 5,000 SF floor plates on the ground, second, and cellar levels. The entire building is 100% leased to Blink Fitness which has a new 15-year lease with one-5 year option and has 10% increases every five years, including the option(s) period.

 

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Details

Highlights:

  • The building spans a total of 15,000 SF with 5,000 SF floor plates on the ground, second, and cellar levels
  • The entire building is 100% leased to Blink Fitness which has a new 15-year lease with one-5 year option
  • 10% increases every five years, including the option(s) period
  • Roughly 13,000 square feet of air rights as well for future development
  • Two blocks from the [N], [R], & [W] subway lines, buses, and highways
  • Great Retail corridor of 4th & 5th Avenue
  • Tenant is responsible for utility, water, electricity and pays the tax increases above base years
  • NOI is $504,700
  • Asking is $10,500,000—SUBMIT BEST OFFERS!

Additional Information

Asset Type

Retail, Single Tenant Net Lease (STNL)

City

Brooklyn

Neighborhood

Sunset Park

Price

10,500,000

Building Size

15,000 SF

Cap Rate

4.81%

Net Operating Income

$504,700

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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