Vacant-User
Vacant/Value-Add Brooklyn Corner Retail
5402 Church Ave, Brooklyn, NY 11203
Listing Price: $2,300,000
Investment Overview
The subject offering is a 5,500 SF (built 55 x 100) single-story retail building located on the corner of Church Avenue and E 54th Street in Brooklyn’s East Flatbush neighborhood. The property rests on an 8,667 SF lot with a dedicated front parking lot that can accommodate nine cars. An auto repair shop occupies 1,417 SF, on a brand-new five-year lease that runs through 2028 with 2% annual increases. The tenant is responsible for 26% of the real estate taxes above their base-year (2023/2024). The remaining 4,083 SF will be delivered vacant at closing.
The property has two curb cuts and 100 feet of retail frontage along Church Avenue, the main retail corridor in East Flatbush. The offering is surrounded by local retailers, and Church Avenue is lined with tenants such as McDonald’s, Capital One Bank, Walgreen’s, Chase Bank and T-Mobile. The property is zoned R5/C2-2, with an FAR of 1.25 (10,834 total buildable SF) and additional buildable square footage of 5,334 SF.
This is an ideal user/retail redevelopment opportunity to acquire a vacant corner building, with parking, in Brooklyn.
Vacant/Value-Add Brooklyn Corner Retail
Investment Highlights
- 5,500 SF (100 x 55) Corner Retail Property in Brooklyn's East Flatbush Neighborhood. Property Rests on an 8,667 SF Lot With Parking for 9 Cars.
- The Offering Consists of One 1,417 SF Retail Space That is Leased Through 2028 With 2% Annual Increases. The Remainder of the Property Will be Delivered Vacant at the Closing.
- 100 Feet of Retail Frontage Along Church Avenue - A Major Retail Thoroughfare in East Flatbush. This the Rare User/Redevelopment Opportunity in Brooklyn With Parking.
Exclusively Listed By
Listing Price: $2,300,000
Investment Highlights
- 5,500 SF (100 x 55) Corner Retail Property in Brooklyn's East Flatbush Neighborhood. Property Rests on an 8,667 SF Lot With Parking for 9 Cars.
- The Offering Consists of One 1,417 SF Retail Space That is Leased Through 2028 With 2% Annual Increases. The Remainder of the Property Will be Delivered Vacant at the Closing.
- 100 Feet of Retail Frontage Along Church Avenue - A Major Retail Thoroughfare in East Flatbush. This the Rare User/Redevelopment Opportunity in Brooklyn With Parking.
Investment Overview
The subject offering is a 5,500 SF (built 55 x 100) single-story retail building located on the corner of Church Avenue and E 54th Street in Brooklyn’s East Flatbush neighborhood. The property rests on an 8,667 SF lot with a dedicated front parking lot that can accommodate nine cars. An auto repair shop occupies 1,417 SF, on a brand-new five-year lease that runs through 2028 with 2% annual increases. The tenant is responsible for 26% of the real estate taxes above their base-year (2023/2024). The remaining 4,083 SF will be delivered vacant at closing. The property has two curb cuts and 100 feet of retail frontage along Church Avenue, the main retail corridor in East Flatbush. The offering is surrounded by local retailers, and Church Avenue is lined with tenants such as McDonald’s, Capital One Bank, Walgreen’s, Chase Bank and T-Mobile. The property is zoned R5/C2-2, with an FAR of 1.25 (10,834 total buildable SF) and additional buildable square footage of 5,334 SF. This is an ideal user/retail redevelopment opportunity to acquire a vacant corner building, with parking, in Brooklyn.
Exclusively Listed By
