$5,500,000.00
Asset Commercial Realty Group has been exclusively retained to market 6001 Church Ave, Brooklyn NY, a fully leased Retail Building in the East Flatbush neighborhood of Brooklyn. The building, constructed in 2011, spans a total of 9,828 SF on a 13,152 SF lot. The entire building is 100% leased to 7 retail Tenants. All tenants have built in 3% annual increases with reimbursement for Real Estate Taxes of the Base Year of their Lease.
The property is situated on a triangle lot providing huge visibility to all tenants on three major avenues: Remsen Avenue, Church Avenue and Ralph Avenue.The property includes 20 car parking spots in front. The building is near a heavily trafficked street of Kings Highway. The building is also adjacent to Brookdale Hospital as well as Brookdale Hospital Medical Center. The building is well positioned with great access to public transportation. Its near many public and express buses, and highways such. Church Avenue bustles with many retailers with a great amount of foot and car traffic.
| Asset Type | Retail |
|---|---|
| City | Brooklyn |
| Neighborhood | Canarsie |
| Price | $ 5,500,000 |
| Building Size | 9,828 |
| Cap Rate | 5.85% |
| Net Operating Income | 322,101 |
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Six story building with 30 units that has 6 one bedrooms, 20 two bedrooms, and 4 three bedrooms. Property has a 15 year 421a Tax Abatement and 18 parking spaces available
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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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