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20387519
20387520

242-260 Brighton Beach Avenue, Brooklyn, NY 11235

ES
NY NY 1031120732
Morsav Inc
Listed by Morsav Inc
$16,900,000
601 days on market
Updated 34 days ago
Opportunity zone

Brighton Beach Avenue - Full Block of Retail

Details
Property Type Retail
Sub Type Pharmacy/Drug, Shopping Center (+1)
Square Footage 16,000
Net Rentable (SqFt) 16,000
Units 12
Cap Rate 5.07%
NOI $857,592
Occupancy 100%
Tenancy Multi
Lease Type Gross
Pro-Forma Cap Rate 5.86%
Pro-Forma NOI $990,660
Price per SqFt $1,056
Buildings 1
Stories 1
Lot Size (SqFt) 16,000
Zoning R6; C1-2

Retail | FULLY OCCUPIED | 16,000 SF

Marketing description

Morsav, Inc. is please to exclusively present a prime retail space spanning appx 13,900 SF and is fully leased to 12 long-standing tenants, ensuring a steady income stream. With over 25,000 SF of unused air rights and R6/C1-2 zoning, there is also potential to expand up to a total of approximately 38,340 SF. This building spans an entire block.

Opportunities like this are rare! This property depicts true pride of ownership. Brighton Beach is booming with new developments and top-notch local retailers. Don’t miss your chance to own a trophy asset in one of Brooklyn’s most sought-after neighborhoods

Investment highlights

Full Block of Retail on one of the most sought after retail corridors in Brooklyn. Fully occupied with minimal landlord responsibility. Please call me to discuss!

Listing Contacts

ES
NY NY 1031120732
Morsav Inc
Listed by Morsav Inc

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$857,592.00
$71,466.00/mo

Valuation Metrics

0
DSCR
5.07%
Cap Rate
5.07%
ROI

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Additional Information

Name
Evmorfea Savidis
License
NY 1031120732
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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