631-858-2460
1134 E New York Ave, Brooklyn, NY for Sale
Drug Store - FOR SALE
1/2
null | Request Cap Rate

1134 E New York Ave
Brooklyn, NY 11212
Brownsville


HIGHLIGHTS

  • Call Chris Mauriello 631.664.5220 for more info!

OVERVIEW

Situated in a rapidly evolving neighborhood, this property offers exceptional visibility and accessibility. The site spans 0.68 acres across two contiguous lots, with C8-2 zoning for the former Walgreens building and R6 zoning for the expansive parking area—unlocking a wide range of redevelopment possibilities. Walgreens currently occupies the site under a NNN lease with 12 years remaining, generating $720,000 in annual income. The property can be delivered vacant at closing or as-is with the lease in place, offering flexibility for both investors and developers. With favorable zoning and a sizable footprint, the property presents a rare opportunity to reposition or redevelop in an area experiencing strong upward momentum. Whether retained as a high-yield investment or transformed into a mixed-use or residential project, the site is primed for long-term value creation. Call Chris 631.664.5220 for info!

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,754 SF

ZONING

Commercial

APN/PARCEL ID

04600-0001

ASK ABOUT THIS PROPERTY

Michael MurphyDouglas Elliman CommercialMore Info
631-858-2460

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Michael MurphyDouglas Elliman CommercialMore Info
631-858-2460

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.