2386 Flatbush Avenue, Marine Park, Brooklyn | Retail | $2,500,000

Home/Investment Sales/Exclusive Investment Sales/2386 Flatbush Avenue, Marine Park, Brooklyn | Retail | $2,500,000

2386 Flatbush Avenue, Marine Park, Brooklyn | Retail | $2,500,000

$2,500,000.00

  • Description: Retail Property for Sale in the Heart of Marine Park
  • Neighborhood: Marine Park
  • Lot Size: 8,000 SF
  • Zoning: C8-1
  • F.A.R: 1.0
  • Total Buildable: 8,000 SF +/-
  • Cross Streets: Avenue S & Avenue T
  • Built: 1956
  • Asking Price: $2,500,000

Offering Memorandum

Details

  • Car wash/oil change station with 80’ foot frontage on Flatbush Avenue.
  • Current tenant is on a NNN Lease and is paying $134,484 Annually
  • The tenant has 2% annual escalations or percentage increase of the CPI.
  • Lease ends in 2038
  • Property is located on the heavily trafficked Flatbush Avenue with great visibility and is a block away from the Kings Plaza Shopping Center.
  • The asking price is set at $2,500,000 ~ please speak to exclusive agent for more details
  • Cap Rate ~ 5.37%

Additional Information

City

Brooklyn

Neighborhood

Marine Park

Broker

Mike Sezan

Price

$2,500,000

Map

 

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    Contact Info

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

    Phone: 646.586.2091

    Fax: 646.767.6790

    Web: www.assetcrg.com