280 Atlantic Avenue - Storefront Retail/Office CONDO FOR SALE


Brooklyn, NY 11201- Boerum Hill
$2,211,000 USD
917-539-0402
280 Atlantic Avenue, Brooklyn, NY for Sale
$2,211,000 USD
Storefront Retail/Office CONDO - FOR SALE
1/6
null | 6% Cap Rate

280 Atlantic Avenue
Brooklyn, NY 11201
Boerum Hill


HIGHLIGHTS

  • 2,300 SF Ground Floor Retail Condo in a Brand-New Construction Building
  • 22-Feet of Retail Frontage Along Atlantic Avenue in Cobble Hill
  • Located in One of the Most Desirable Neighborhoods in Brooklyn
  • 10-Year Lease With a National Tenant- 3% Annual Increases + Corporate Guarantee

OVERVIEW

This is an opportunity to acquire a minimal management retail asset located in one of Brooklyn’s best neighborhoods. The site shares the block with major national retailers such as Five Below, Marshall’s, TD Bank, Michael’s, Blink, Planet Fitness and 7-Eleven. This is a brand-new 2018 construction unit which sits at the base of four-unit luxury condominium building. The unit benefits from a 25-year ICAP Tax Abatement which began in 2021 and runs through June 30, 2046. The site benefits from strong foot traffic, as well as thousands of housing units within just a few blocks. This is a cash-flowing net-leased Brooklyn retail opportunity with strong annual increases and an outstanding tenant in Cobble Hill.

FOR SALE DETAILS

PRICE

$2,211,000 USD

PRICE/SF

$961 USD /SF

CAP RATE

6%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Net-Leased Brooklyn Retail - Cobble Hill

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

5,850 SF

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,850 SF

ZONING

R6A

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Scott PlaskyMarcus & MillichapMore Info
917-539-0402

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Scott PlaskyMarcus & MillichapMore Info
917-539-0402

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