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Off Market
1/3

5109 4th Ave
Brooklyn, NY 11220


HIGHLIGHTS

  • NEW NN LEASE WITH BLINK FITNESS--STRONG CORP GUARANTEE
  • NOI: $504,700
  • 13,000 SF OF AIR RIGHTS FOR FUTURE DEVELOPMENT
  • BIG MEMBERSHIP COUNT FOR THIS LOCATION
  • VERY STRONG RETAIL CORRIDOR

OVERVIEW

Asset Commercial Realty Group has been exclusively retained to market 5107-5111 4th Avenue, a fully leased commercial Building in the Sunset Park neighborhood of Brooklyn. The building spans a total of 15,000 SF with 5,000 SF floor plates on the ground, second, and cellar levels. The entire building is 100% leased to Blink Fitness which has a new 15-year lease with one-5 year option and has 10% increases every five years, including the option(s) period. NOI: $504,700 THERE IS ALSO 13,000 SF OF AIR RIGHTS; 2.6 FAR TOTAL LEFT WITH BONUS FROM INCLUSIONARY HOUSING.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

FOR SALE: RARE NNN DEAL WITH AIR RIGHTS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

15000

STORIES

3

YEAR BUILT

1931

SPRINKLERS

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PARKING SPACES

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LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

00799-0006