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Mixed-Use

1134 Liberty Ave

1134 Liberty Ave, Brooklyn, NY 11208

Listing Price: $1,500,000

Cap Rate
5.72%
Number of Units
2
Occupancy
64.0%
Price/Unit
$750,000
Price/Gross SF
$490.20
Gross SF
3,060

Investment Overview

Marcus and Millichap is pleased to offer for sale 1134 Liberty Ave, Brooklyn, NY 11249 ( Block & Lot: 04203-0016). The property is located on Liberty Ave between Lincoln and Sheridan Ave and is near the Grant Ave A Train Stop. The lot dimensions are 20 ft. by 100 ft. (2,000 SF) and is zoned R5, C1-2. The building dimensions approximately 20 ft. by 98 ft. (1,960 SF) on the ground floor and 20 ft. by 55 ft. (1,100 SF) above. Below-grade is a cellar which also runs (1,960 SF). The second level has access to a 20 ft. by 43 ft. roof extension (860 SF). The property enjoys approximatley 3,060 gross square feet above-grade with approximately 1,960 SF below-grade cellar space. The building hosts one (1) retail unit and one (1) vacant residential unit. This property offers investors the rare opportunity to purchase a prime mixed-use property located on one of the most active retail corridors in the City Line sub-section of the East New York neighborhood of Brooklyn. The investor will have the unique opportunity to capitalize on a current in-place commercial tenant and share prime real estate alongside local and national chain stores such as Foot Locker, AT&T, T-Mobile, Rainbow, Pretty Girl, Kennys Department Store, Checkers, Dunkin Donuts, and more. The second floor presents an immediate value-add opportunity to improve the space for residential-use and further capitalize on strong cash flows over the historically low interest rate environment.

Investment Highlights

  • Prime Retail Location on Liberty Ave in East New York.
  • Net Lease Tenant Paying $8,741 Monthly Rent plus 50% of RE Taxes.
  • Immediate Vacancy on 2nd Floor Residential Unit
  • Ground Floor Tenant in Year 4 of 5, with 3% Annual Increases in Lease and 5-year Renewal Option

Exclusively Listed By

Financing By

Listing Price: $1,500,000

Cap Rate
5.72%
Number of Units
2
Occupancy
64.0%
Price/Unit
$750,000
Price/Gross SF
$490.20
Gross SF
3,060

Investment Highlights

  • Prime Retail Location on Liberty Ave in East New York.
  • Net Lease Tenant Paying $8,741 Monthly Rent plus 50% of RE Taxes.
  • Immediate Vacancy on 2nd Floor Residential Unit
  • Ground Floor Tenant in Year 4 of 5, with 3% Annual Increases in Lease and 5-year Renewal Option

Investment Overview

Marcus and Millichap is pleased to offer for sale 1134 Liberty Ave, Brooklyn, NY 11249 ( Block & Lot: 04203-0016). The property is located on Liberty Ave between Lincoln and Sheridan Ave and is near the Grant Ave A Train Stop. The lot dimensions are 20 ft. by 100 ft. (2,000 SF) and is zoned R5, C1-2. The building dimensions approximately 20 ft. by 98 ft. (1,960 SF) on the ground floor and 20 ft. by 55 ft. (1,100 SF) above. Below-grade is a cellar which also runs (1,960 SF). The second level has access to a 20 ft. by 43 ft. roof extension (860 SF). The property enjoys approximatley 3,060 gross square feet above-grade with approximately 1,960 SF below-grade cellar space. The building hosts one (1) retail unit and one (1) vacant residential unit. This property offers investors the rare opportunity to purchase a prime mixed-use property located on one of the most active retail corridors in the City Line sub-section of the East New York neighborhood of Brooklyn. The investor will have the unique opportunity to capitalize on a current in-place commercial tenant and share prime real estate alongside local and national chain stores such as Foot Locker, AT&T, T-Mobile, Rainbow, Pretty Girl, Kennys Department Store, Checkers, Dunkin Donuts, and more. The second floor presents an immediate value-add opportunity to improve the space for residential-use and further capitalize on strong cash flows over the historically low interest rate environment.

Exclusively Listed By

Financing By

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