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Shopping Strip

Flatlands Retail Center

5801 Flatlands Ave, Brooklyn, NY 11234

Listing Price: $8,900,000

Cap Rate
6.68%
Gross SF
12,715
Rentable SF
12,715
Price/Gross SF
$699.96
Lot Size
0.44 acres
Year Built
2023

Investment Overview

Fully Occupied, with All Tenants Having Annual Increases, the Longest Tenant Base Term Expiring 6/30/2032, and the Majority of Tenants Having Options After the Expiration of Their Base Term. 5 of 6 Tenants are Responsible for Their Pro Rata Share of CAM & Real Estate Taxes; the Last Tenant Pays a Fixed Amount of CAM and their Pro Rata Share of the Real Estate Taxes

Investment Highlights

  • Brand New 2023 Construction 6-Tenant Retail Strip in the Flatlands Neighborhood of Brooklyn, NY
  • 20 On-Site Parking Spaces with 2 Points of Ingress and Egress
  • Strategically Positioned at the Hard Intersection of Flatlands Ave and E 58th Street with 278 Feet of Frontage on Flatlands Ave (14,000 VPD)

Exclusively Listed By

  • Steven J. Siegel

    Licensed Associate Real Estate Broker

    (212) 430-5166

    Email Steven

    License(s): NY: 30SI0857139, NJ: 0015107, CT: REB.0754170

    Manhattan

  • Michael Kook

    Licensed Real Estate Broker

    (212) 430-5169

    Email Michael

    License(s): NY: 10301216047, NY: 10491208242

    Manhattan

Financing By

Shopping Strip

Flatlands Retail Center

Listing Price: $8,900,000

Cap Rate
6.68%
Gross SF
12,715
Rentable SF
12,715
Price/Gross SF
$699.96
Lot Size
0.44 acres
Year Built
2023

Investment Highlights

  • Brand New 2023 Construction 6-Tenant Retail Strip in the Flatlands Neighborhood of Brooklyn, NY
  • 20 On-Site Parking Spaces with 2 Points of Ingress and Egress
  • Strategically Positioned at the Hard Intersection of Flatlands Ave and E 58th Street with 278 Feet of Frontage on Flatlands Ave (14,000 VPD)

Investment Overview

Fully Occupied, with All Tenants Having Annual Increases, the Longest Tenant Base Term Expiring 6/30/2032, and the Majority of Tenants Having Options After the Expiration of Their Base Term. 5 of 6 Tenants are Responsible for Their Pro Rata Share of CAM & Real Estate Taxes; the Last Tenant Pays a Fixed Amount of CAM and their Pro Rata Share of the Real Estate Taxes

Exclusively Listed By

  • Steven J. Siegel

    Licensed Associate Real Estate Broker

    (212) 430-5166

    Email Steven

    License(s): NY: 30SI0857139, NJ: 0015107, CT: REB.0754170

    Manhattan

  • Michael Kook

    Licensed Real Estate Broker

    (212) 430-5169

    Email Michael

    License(s): NY: 10301216047, NY: 10491208242

    Manhattan

Financing By

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