$10,500,000.00
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.
Highlights:
| 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 |
Development Opportunity on West 128th St. Vacant Lot
J51 Abatement in place, 15 years remaining. New tiles, bathrooms, kitchen works, lighting, etc. Boiler installed in each unit, not under Landlord maintenance. Easy access to Jackie Robinson Expy, Van Wyck Expy and public transportation
Development Opportunity on Morris Avenue, Bronx.
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.
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