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Urban-High Street

NET LEASED, SINGLE STORY RETAIL BUILDING WITH GYM AND SUPERMARKET

3008 Fulton St, Brooklyn, NY 11208

Listing Price: $4,594,000

Cap Rate
4.22%
Rentable SF
12,792
Lot Size
0.41 acres
Year Built
1986

Investment Overview

Marcus & Millichap is pleased to offer for sale a one-story corner supermarket located at 3008 Fulton Street. (Block & Lots: 03956-0043). The total square footage is 12,792 SqFt with lot dimensions of 129 feet x 111 feet totaling 18,016 SqFt. Zoned for R6A, R5B, C2-4, EC-6 with a potential of 41,256 SqFt of Air Rights the property offers an investor several value-add opportunities. The subject property is just steps away from the Cleveland Street Subway Station, serving a 30 -minute train ride from Lower Manhattan. This is an opportunity to invest in a dynamic section of Brooklyn.

Investment Highlights

  • Subject Property is a One-Story, Two-Tenant Supermarket and Gym with 12,792 Square-Foot on a 0.29-Acre Lot Strategically Located On a Hard Corner with 54,000 Gross Buildable Square Feet Near Fulton St
  • Infill Site with Air Rights, Located Five Miles West from John F. Kennedy International Airport, the Sixth Busiest Airport in the United States, Serving Over 62 Million Passengers Annually | Ten Miles
  • Two Tenant, Net Leased Essential Grocery and Gym with Air Rights, Minimal Landlord Expenses, and Dramatic Air Rights Development Play
  • High Visibility to Robust Traffic Counts on Fulton Street (13,655 VPD) and Nearby Atlantic Avenue (49,386 VPD) | Queens Midtown Expressway Serves Over 81,483 VPD Less than One Mile from Subject (Source: NYDOT, CoStar 2020 Estimates)
  • Transportation via Subway (J Train) is Less Than a Mile Away from Multiple Stations that Serve Over 1.4 Million Riders Annually | Subject is Located Less than a 30-Minute Train Ride from Lower Manhattan

Exclusively Listed By

Financing By

Urban-High Street

NET LEASED, SINGLE STORY RETAIL BUILDING WITH GYM AND SUPERMARKET

Listing Price: $4,594,000

Cap Rate
4.22%
Rentable SF
12,792
Lot Size
0.41 acres
Year Built
1986

Investment Highlights

  • Subject Property is a One-Story, Two-Tenant Supermarket and Gym with 12,792 Square-Foot on a 0.29-Acre Lot Strategically Located On a Hard Corner with 54,000 Gross Buildable Square Feet Near Fulton St
  • Infill Site with Air Rights, Located Five Miles West from John F. Kennedy International Airport, the Sixth Busiest Airport in the United States, Serving Over 62 Million Passengers Annually | Ten Miles
  • Two Tenant, Net Leased Essential Grocery and Gym with Air Rights, Minimal Landlord Expenses, and Dramatic Air Rights Development Play
  • High Visibility to Robust Traffic Counts on Fulton Street (13,655 VPD) and Nearby Atlantic Avenue (49,386 VPD) | Queens Midtown Expressway Serves Over 81,483 VPD Less than One Mile from Subject (Source: NYDOT, CoStar 2020 Estimates)
  • Transportation via Subway (J Train) is Less Than a Mile Away from Multiple Stations that Serve Over 1.4 Million Riders Annually | Subject is Located Less than a 30-Minute Train Ride from Lower Manhattan

Investment Overview

Marcus & Millichap is pleased to offer for sale a one-story corner supermarket located at 3008 Fulton Street. (Block & Lots: 03956-0043). The total square footage is 12,792 SqFt with lot dimensions of 129 feet x 111 feet totaling 18,016 SqFt. Zoned for R6A, R5B, C2-4, EC-6 with a potential of 41,256 SqFt of Air Rights the property offers an investor several value-add opportunities. The subject property is just steps away from the Cleveland Street Subway Station, serving a 30 -minute train ride from Lower Manhattan. This is an opportunity to invest in a dynamic section of Brooklyn.

Exclusively Listed By

Financing By

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