- Represented seller
- Development site
481 Hicks St, Brooklyn, NY 11231
Additional Information
| City | Brooklyn |
|---|---|
| Broker | Mark Akilov, Yuriy Ustoyev |
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Related products
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- Development opportunity
- Represented the buyer
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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 -
- Re-development
- Represented buyer and seller
