271-273 Brighton Beach Ave - Storefront Retail/Office FOR SALE


Brooklyn, NY 11235- Brighton Beach
$19,250,000 USD
718-578-0546
271-273 Brighton Beach Ave, Brooklyn, NY for Sale
$19,250,000 USD
Storefront Retail/Office - FOR SALE
1/79
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271-273 Brighton Beach Ave
Brooklyn, NY 11235
Brighton Beach


OVERVIEW

271 Brighton Beach, Brooklyn, NY This is a premier opportunity to acquire a 19,000 SF retail and office asset located in the heart of the vibrant Brighton Beach corridor. Built in 1992, the property features a highly diversified tenant base across the first floor, second floor, mezzanine, and basement levels, ensuring stable income with no significant reliance on a single tenant. The building was renovated into a brand new mall in 2022. There are an additional 10,000 sf of air rights. Financial & Investment Highlights Asking Price: $19,250,000. In-Place Net Operating Income (NOI): $1,227,651. Cap Rate: 6.3% Occupancy: 95%

FOR SALE DETAILS

PRICE

$19,250,000 USD

PRICE/SF

$978 USD /SF

CAP RATE

6.38%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

R6/C1-2/OP

APN/PARCEL ID

08672-0033

ASK ABOUT THIS PROPERTY

Mike SezanAsset CRG Advisors LLCMore Info
718-578-0546

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Mike SezanAsset CRG Advisors LLCMore Info
718-578-0546

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