Flatbush Avenue Brooklyn, NY 11234

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Flatbush Avenue Brooklyn, NY 11234

$2,600,000.00

  • Subject property is a 4,200 square foot car wash/oil change station sitting on an 8,000 square foot lot in the Marine Park neighborhood of Brooklyn.
  • The current tenant is on a $10,988 Monthly NNN Lease which ends in approximately 18 years and has 2% annual escalations or percentage increase of the CPI.
  • Property is located on the heavily trafficked Flatbush Avenue with over 34,000 average daily traffic and is a block away from the Kings Plaza Shopping Center.
  • Asking Price ~ $2,600,000
  • Cap Rate ~ 5%

Details

  • Subject property is a 4,200 square foot car wash/oil change station sitting on an 8,000 square foot lot in the Marine Park neighborhood of Brooklyn.
  • The current tenant is on a $10,988 Monthly NNN Lease which ends in approximately 18 years and has 2% annual escalations or percentage increase of the CPI.
  • Property is located on the heavily trafficked Flatbush Avenue with over 34,000 average daily traffic and is a block away from the Kings Plaza Shopping Center.
  • Asking Price ~ $2,600,000
  • Cap Rate ~ 5%

Additional Information

Asset Type

Retail

City

Brooklyn

Neighborhood

Marine Park

Broker

Mike Sezan

Price

$2,500,000

Map

 

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    215-15 Northern Boulevard,
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    Bayside, NY 11361

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