Shopping Strip
Church Avenue Shopping Strip - Brooklyn, NY
550 Remsen Ave, Brooklyn, NY 11236
Listing Price: $6,400,000
Investment Overview
The subject offering is a 9,928 SF shopping strip, that is 100% occupied with seven tenants, on the corner of Church Avenue and Resmen Avenue in Brooklyn, NY. This is a single-story retail property that was constructed brand-new in 2010, with a dedicated front parking lot that accommodate 20 cars.
The property has 206 feet of retail frontage on Remsen Avenue, and another 70 feet of retail frontage on Church Avenue. The property is comprised of two separate tax lots, and the asset rests on a 13,152 SF lot (C8-1 Zoning). All the tenants have annual rental increases. There is an ICAP Tax Abatement in-place through 6/30/2027. The current taxes are $49,050 (they would be $81,058 without the abatement).
This is an opportunity to acquire a 100% occupied shopping strip in Brooklyn that generates strong cash flow with solid annual increases and outstanding frontage and visibility. The property is located directly across the street from Burger King and Dollar Tree, and it is surrounded by retailers such as Popeye’s, Dunkin Donuts and McDonald’s.
Investment Highlights
- 9,928 SF, 100% Occupied Shopping Center With Seven Stores in Brooklyn, NY
- Property has a Front Parking Lot for 20 Cars, and it has 276 Feet of Retail Frontage on Both Church Avenue and Remsen Avenue.
- Built Brand-New in 2010. Every Tenant has a 3% Annual Increase - Rare Opportunity to Acquire a Fully-Leased True Shopping Center in New York City.
Exclusively Listed By
Listing Price: $6,400,000
Investment Highlights
- 9,928 SF, 100% Occupied Shopping Center With Seven Stores in Brooklyn, NY
- Property has a Front Parking Lot for 20 Cars, and it has 276 Feet of Retail Frontage on Both Church Avenue and Remsen Avenue.
- Built Brand-New in 2010. Every Tenant has a 3% Annual Increase - Rare Opportunity to Acquire a Fully-Leased True Shopping Center in New York City.
Investment Overview
The subject offering is a 9,928 SF shopping strip, that is 100% occupied with seven tenants, on the corner of Church Avenue and Resmen Avenue in Brooklyn, NY. This is a single-story retail property that was constructed brand-new in 2010, with a dedicated front parking lot that accommodate 20 cars. The property has 206 feet of retail frontage on Remsen Avenue, and another 70 feet of retail frontage on Church Avenue. The property is comprised of two separate tax lots, and the asset rests on a 13,152 SF lot (C8-1 Zoning). All the tenants have annual rental increases. There is an ICAP Tax Abatement in-place through 6/30/2027. The current taxes are $49,050 (they would be $81,058 without the abatement). This is an opportunity to acquire a 100% occupied shopping strip in Brooklyn that generates strong cash flow with solid annual increases and outstanding frontage and visibility. The property is located directly across the street from Burger King and Dollar Tree, and it is surrounded by retailers such as Popeye’s, Dunkin Donuts and McDonald’s.
Exclusively Listed By

