22 Graham Ave - Storefront FOR SALE


Brooklyn, NY 11206- Williamsburg
$2,300,000 USD
718-475-4382
22 Graham Ave, Brooklyn, NY for Sale
$2,300,000 USD
Storefront - FOR SALE
1/13
null | 5.3% Cap Rate

22 Graham Ave
Brooklyn, NY 11206
Williamsburg


HIGHLIGHTS

  • Gut-renovated, two-story retail building
  • Strong Immediate Cashflow and minimal management responsibilities
  • 4,550 SF Existing Building | $505 Per SF at Asking Price | Land in area selling for north of $300 per buildable SF
  • Diamond Braces is the Retail Tenant | Extremely strong operator with over 65 Stores
  • Tenant Extended Lease through 2031 | Diamond Braces
  • • Located on the strongest and the most heavily foot-trafficked retail corridors in East Williamsburg

OVERVIEW

• Significant upside in the retail rent • Property is surrounded by credit/national tenants, including T-Mobile and TD Bank on either side of the property • Other tenants on the block include Chase Bank, Wendy’s, Dunkin Donuts, & Burlington • Half block from the Flushing Avenue J & M Train

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$535 USD /SF

CAP RATE

5.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

C4-3

APN/PARCEL ID

03127-0010

ASK ABOUT THIS PROPERTY

Shaun RineyMarcus & MillichapMore Info
718-475-4382

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Shaun RineyMarcus & MillichapMore Info
718-475-4382

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