Bank

Bank of America

Listing Price: $10,926,667

Cap Rate
4.50%
Tenant Name
Bank of America
Years Remaining On Lease
20.30
Gross SF
7,012
Guarantor
Corporate Guarantee
Rentable SF
7,012
Price/Gross SF
$1,558.28
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$70.12

Investment Overview

The subject investment is the opportunity to acquire a net-leased Bank of America. The asset is 100% leased to Bank of America with approximately 20-years remaining on the initial term of the 20-year triple-net (NNN) lease. This Bank of America provides an investor with a prime New York City asset in the heart of Brooklyn, New York Citys most populated borough. The asset offers the owner an opportunity to purchase a best of class location generational asset with a credit tenant.
The building features three floors (including a cellar) with a total of 7,012 square feet of interior space. The annual net operating income is $491,700 annually ($40,975 monthly) and features increases in year 4, year 7, year 11, and year 16. The asset is conveniently located on the corner of Avenue J and East 12th Street, which experience unrivaled foot traffic coupled with exceptional subway access in one of the most growing and historical neighborhoods in NYC.

Investment Highlights

  • Brooklyn, New York Highest Populated of New York's Five Boroughs
  • Has 20 Years Remaining on the Original 20 Year Triple-Net (NNN) Lease
  • World-Class Location Strategically Situated Within Major Residential Neighborhoods

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Joe Koicim

    Licensed Associate Real Estate Broker

    (212) 430-5147

    Email Joe

    License(s): NY: 10311201039, NY: 10301208718

    Manhattan

Listing Price: $10,926,667

Cap Rate
4.50%
Tenant Name
Bank of America
Years Remaining On Lease
20.30
Gross SF
7,012
Guarantor
Corporate Guarantee
Rentable SF
7,012
Price/Gross SF
$1,558.28
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$70.12

Investment Highlights

  • Brooklyn, New York Highest Populated of New York's Five Boroughs
  • Has 20 Years Remaining on the Original 20 Year Triple-Net (NNN) Lease
  • World-Class Location Strategically Situated Within Major Residential Neighborhoods

Investment Overview

The subject investment is the opportunity to acquire a net-leased Bank of America. The asset is 100% leased to Bank of America with approximately 20-years remaining on the initial term of the 20-year triple-net (NNN) lease. This Bank of America provides an investor with a prime New York City asset in the heart of Brooklyn, New York Citys most populated borough. The asset offers the owner an opportunity to purchase a best of class location generational asset with a credit tenant.
The building features three floors (including a cellar) with a total of 7,012 square feet of interior space. The annual net operating income is $491,700 annually ($40,975 monthly) and features increases in year 4, year 7, year 11, and year 16. The asset is conveniently located on the corner of Avenue J and East 12th Street, which experience unrivaled foot traffic coupled with exceptional subway access in one of the most growing and historical neighborhoods in NYC.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Joe Koicim

    Licensed Associate Real Estate Broker

    (212) 430-5147

    Email Joe

    License(s): NY: 10311201039, NY: 10301208718

    Manhattan

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