201-787-9679
251 1st St, Brooklyn, NY for Sale
Apartments CONDO - FOR SALE
1/8
null | Request Cap Rate

251 1st St
Brooklyn, NY 11215
Park Slope


OVERVIEW

Verada, as exclusive agent, is pleased to offer for sale a prime multi-level retail condominium located at the base of a newly constructed 44-unit, 11-story residential building at 275 4th Avenue in Park Slope, Brooklyn. The offering includes 4,446 SF on the ground floor and 1,100 SF on the lower level, totaling 5,546 SF of commercial space. Completed in 2019, the property features 50 feet of floor-to-ceiling glass frontage along 4th Avenue and soaring 14-foot ceiling heights, offering exceptional visibility and a commanding street presence. The ground floor retail condominium is fully occupied by a strong mix of health and wellness tenants, including PhysioRX, Inspira Physical Therapy & Pilates, and Zeno Nail Bar —creating a synergistic tenant mix and reliable in-place income. Each unit has been custom built-out by the tenants, making this an attractive turnkey investment opportunity with minimal future capital requirements. Located along one of Brooklyn’s most prominent retail corridors and just two blocks from the Union Street R subway station, the property benefits from consistent pedestrian traffic and excellent transit access to Downtown Brooklyn and Manhattan. With strong neighborhood demographics, ongoing residential development, and proximity to key Park Slope destinations like Washington Park, the Old Stone House, and the 5th Avenue retail corridor, 275 4th Avenue presents a rare opportunity to acquire a stabilized retail asset in one of Brooklyn’s most desirable neighborhoods.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

64,431 SF

STORIES

11

BUILDING CLASS

B

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

16C

APN/PARCEL ID

00964-1411

ASK ABOUT THIS PROPERTY

Brendan ThrappVeradaMore Info
201-787-9679

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Brendan ThrappVeradaMore Info
201-787-9679

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