917-450-6436
2940 Cropsey Ave, Brooklyn, NY for Sale
Freestanding - FOR SALE
1/5
null | Request Cap Rate

2940 Cropsey Ave
Brooklyn, NY 11214
Gravesend


HIGHLIGHTS

  • Fully Leased ‘NN’ Retail Occupied by Chipotle & Bank of America ATM
  • Greater Coney Island Gateway Location
  • Stable Cash-Flow with Predictable Investment Yield

OVERVIEW

RIPCO Real Estate has been exclusively retained for the sale of 2940 Cropsey Avenue in Gravesend, Brooklyn. 2940 Cropsey Avenue presents a highly attractive investment opportunity due to its strategic location and stable income profile. It is fully leased to strong tenants, Chipotle and a Bank of America ATM, with leases extending through Q1 2032, ensuring a predictable cash flow. Located on a prime blockfront just off the Belt Parkway 6S exit, the property features 200 feet of frontage on Cropsey Avenue at two signalized corners, offering excellent exposure and high traffic. This opportunity provides a predictable yield with minimal landlord responsibilities and includes built-in rent increases, the next scheduled for 2027. The recently built, modern freestanding building includes a drive-thru ATM and dedicated parking on an approximately 20,000 SF lot with two convenient access points. Its position as a key gateway to the Greater Coney Island trade area further boosts visibility, convenience, and traffic volume. For additional information or to arrange for a property inspection, contact exclusive brokers.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully Leased National Credit Retail

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

19,958 SF

ZONING

R4

APN/PARCEL ID

06949-0037

ASK ABOUT THIS PROPERTY

Seth PollackRIPCO Real EstateMore Info
917-450-6436

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Seth PollackRIPCO Real EstateMore Info
917-450-6436

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