1134 Liberty Ave - Storefront Retail/Office FOR SALE


Brooklyn, NY 11208- Cypress Hills
$1,650,000 USD
212-430-5276
1134 Liberty Ave, Brooklyn, NY for Sale
$1,650,000 USD
Storefront Retail/Office - FOR SALE
1/8
null | 8.14% Cap Rate

1134 Liberty Ave
Brooklyn, NY 11208
Cypress Hills


OVERVIEW

The subject offering is a 3,100 square foot mixed use property located along the Liberty Avenue retail corridor in East New York, Brooklyn. The asset consists of 2,000 square feet of ground floor commercial space and a 1,100 square foot second floor office The property features 20 feet of frontage on Liberty Avenue and sits on a 2,000 square foot lot. The entire building is master leased to a single tenant through April 2030, with one five year renewal option. The lease includes 3% annual rent increases and full reimbursement of real estate taxes, providing stable, passive income with built in growth. Zoned R5/C1-2, the property offers long term flexibility in a growing Brooklyn submarket. The surrounding corridor is supported by a strong mix of national and local retailers including Checkers, Foot Locker, T Mobile, GameStop, Dunkin Donuts, Burger King, C Town Supermarkets, and Chase Bank. This is an opportunity to acquire a fully leased mixed use asset with consistent annual increases, minimal landlord responsibility, and exposure to strong Brooklyn fundamentals.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$532 USD /SF

CAP RATE

8.14%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R5-C1-2

APN/PARCEL ID

04202-0016

ASK ABOUT THIS PROPERTY

Alexander ArustamianMarcus & MillichapMore Info
212-430-5276

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Alexander ArustamianMarcus & MillichapMore Info
212-430-5276

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