8627 5th Ave - Storefront FOR SALE


Brooklyn, NY 11209- Bay Ridge
$2,129,000 USD
917-453-1795
8627 5th Ave, Brooklyn, NY for Sale
$2,129,000 USD
Storefront - FOR SALE
1/2
null | 5.45% Cap Rate

8627 5th Ave
Brooklyn, NY 11209
Bay Ridge


HIGHLIGHTS

  • Great investment for now but will look better in the future
  • Storefront and rear vacant apartment could be combined in the near future
  • Located in a high foot traffic area

OVERVIEW

Prime investment - Just 200 Ft Off of 86th Street and 5th Avenue! Store is leased for the next 6 years. Pays 25 % of the RE Tax and part of the Water Bill. This is an investment opportunity to own "Bay Ridge Prime". Delivering all apartments to be vacant. Currently 2 occupied apartments have no lease. The apartments are dated but after some renovation you can achieve High rents. The area will be occupied with more retail anchor tenants soon. Buy for the Future! Income and expenses to be provided upon request . Storefront and rear vacant apartment could be combined in the near future to make a large retail/restaurant.

FOR SALE DETAILS

PRICE

$2,129,000 USD

PRICE/SF

$444 USD /SF

CAP RATE

5.45%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5th avenue retail

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,435 SF

ZONING

R6B

APN/PARCEL ID

06051-0010

ASK ABOUT THIS PROPERTY

Vince BlandinoMadison Estates Sotheby's Int - Franzese GroupMore Info
917-453-1795

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

Vince BlandinoMadison Estates Sotheby's Int - Franzese GroupMore Info
917-453-1795

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