$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 Findlay Avenue, Bronx. Grant Park and Claremont Park are walking distance from the property. Webster Ave retail corridor is 3 blocks away from the property. Train station on 170th St. is walking distance.
Three story building, consisting of 2 apartments and a community facility unit to be delivered vacant. Price per square foot is $406
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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.
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