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.