- Description: Retail property in the heart of Marine Park, Brooklyn
- Neighborhood: Marine Park
- Lot Size: 5,000 SF (50′ X 100′)
- Building Size: 2,910 SF (20′ x 60′)
- Zoning: C8-1
- F.A.R (As Built): 1 (0.59)
- Cross Streets: Avenue S & Avenue T
- Nearby Retailers: FedEx, Food Universe Marketplace, CVS Pharmacy, Best Buy and more
- Sold Price: $1,100,000
2384 Flatbush Avenue, Brooklyn | Retail | $1,100,000
Details
Asset CRG Advisors (‘AssetCRG’) is pleased to announce the sale of 2384 Flatbush Avenue, Brooklyn, NY 11234, a retail property in the Marine Park neighborhood of Brooklyn. Property is a vacant one-story retail building with a 50-foot frontage on Flatbush Avenue. The site has a 30-foot curb cut that leads into a 1,740 square foot parking lot. Property is located on the heavily trafficked Flatbush Avenue with great visibility and is a block away from the Kings Plaza Shopping Center. The property sold for $1,100,000. Mike Sezan of Asset CRG Advisors represented both the buyer and seller in this transaction. The property closed for $372 per square foot. For investment opportunities, please feel free to reach out to mike@assetcrg.com.
Additional Information
| Asset Type | Retail |
|---|---|
| City | Brooklyn |
| Neighborhood | Marine Park |
| Price | $1,100,000 |
| Broker | Mike Sezan |
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Remarks at Closing:
– Closed for 5.1% CAP
– AT&T has been a tenant for 15 years
– Recently completed a 10-year term and 5-year option ending in Dec. 2017 & has renewed early and requested (2) 3-year extensions on existing renewals
– Tenant has done a complete interior renovation and is strongly committed to the site
– High traffic busy corner location, many national retailers located nearby, out-parcel to a larger center
– Landlord pays taxes/CAM and 100% reimbursed by tenant. LL responsible for roof/structure -
- Development site
- Represented the seller and buyer
