173 Smith St - Bank FOR SALE


Brooklyn, NY 11201- Boerum Hill
$4,043,290 USD
630-570-2260
173 Smith St, Brooklyn, NY for Sale
$4,043,290 USD
Bank - FOR SALE
1/10
null | 5.25% Cap Rate

173 Smith St
Brooklyn, NY 11201
Boerum Hill


HIGHLIGHTS

  • Corporately Guaranteed, Absolute NNN Ponce Bank with Over 11 Years of Term Remaining
  • This Location Attracts 255.9K Annual Visitors and Ranks in the Top 2 Percent of Banks & Financial Services Nationwide by Customer Visits (Placer.ai)
  • Located at the Signalized Intersection of Smith Street and Wyckoff Street | Heavily Traveled Metro Area | Easy Access to Public Transportation
  • Extremely Dense & Expanding Population with an Average Household Income of $174K
  • Retailers in the Area Include Barnes & Noble, Chipotle, Five Below, PetSmart, Michaels, Pandora, Trader Joe's, Macy’s, Walgreens and more

OVERVIEW

This absolute NNN Ponce Bank has 11.5 years of term remaining and is backed by a corporate guarantee. The lease includes scheduled 1.5 percent annual rental increases, and the location ranks in the top 2 percent of banks nationally by customer visits, drawing over 255,900 visitors annually. Situated at the signalized intersection of Smith Street and Wyckoff Street, and directly in front of the Bergen Street MTA Train Station, providing exceptional access via two major subway lines. The property is surrounded by major national retailers, including a top-performing Trader Joe’s ranked in the top 8 percent nationally with 1.1 million annual visitors, as well as Barnes & Noble, Planet Fitness, and more. It is also in close proximity to several schools, senior living communities, and Brooklyn Bridge Park Pier 6, a waterfront destination with ferry access to Manhattan. Located in a dense, affluent neighborhood, the area has a population of over 143,000 within a three-mile radius and an average household income of $174,656 within one mile, with continued growth projected.

FOR SALE DETAILS

PRICE

$4,043,290 USD

PRICE/SF

$5,420 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ponce Bank Brooklyn

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1905

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

R6A

APN/PARCEL ID

00391-1002

ASK ABOUT THIS PROPERTY

Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2260

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Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2260

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