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.