212-376-4002
250 Utica Ave, Brooklyn, NY for Sale
Freestanding - FOR SALE
1/9
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250 Utica Ave
Brooklyn, NY 11213
Crown Heights


OVERVIEW

250 Utica Avenue presents the opportunity to acquire the leasehold interest in a corner value-add retail property on a ground lease in the heart of Crown Heights neighborhood of Brooklyn. This multi-tenant corner retail asset features strong national credit tenants including Chipotle, Pure Gym, and CityMD, with upside by leasing the remaining 10,565 square feet of space. The Property totals 61,240 square feet, comprising 45,067 square feet of retail space and a 16,173 square foot, 81-space parking garage. With 10,565 square feet delivered vacant and a 25-year ICAP tax abatement in place, the asset offers immediate leasing upside and enhanced cash flow for the incoming buyer.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

R6

APN/PARCEL ID

01384-0051

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212-376-4002

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212-376-4002

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