Bank

Northfield Bank

247 Avenue U, Brooklyn, NY 11223

Listing Price: $4,471,120

Cap Rate
5.00%
Tenant Name
Northfield Bank
Years Remaining On Lease
5.40
Gross SF
3,864
Guarantor
Corporate Guarantee
Rentable SF
3,864
Price/Gross SF
$1,157.12
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$57.86

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 5.5-years remaining on the initial term of the 15-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 a total of 3,864 square feet of interior space and has an annual net operating income is $223,556 annually ($18,630 monthly). The asset is conveniently located on the corner of Avenue U and Van Sicklen St, which experience unrivaled foot traffic coupled with exceptional subway access in one of the most growing and historical neighborhoods in NYC.

Investment Highlights

  • World-Class Location Strategically Situated Among Major Residential Neighborhoods
  • Brooklyn is the Most Populated Borough
  • Has 5.5 Years Remaining on the Original 15 Year Triple Net (NNN) Lease

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: $4,471,120

Cap Rate
5.00%
Tenant Name
Northfield Bank
Years Remaining On Lease
5.40
Gross SF
3,864
Guarantor
Corporate Guarantee
Rentable SF
3,864
Price/Gross SF
$1,157.12
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$57.86

Investment Highlights

  • World-Class Location Strategically Situated Among Major Residential Neighborhoods
  • Brooklyn is the Most Populated Borough
  • Has 5.5 Years Remaining on the Original 15 Year Triple Net (NNN) Lease

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 5.5-years remaining on the initial term of the 15-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 a total of 3,864 square feet of interior space and has an annual net operating income is $223,556 annually ($18,630 monthly). The asset is conveniently located on the corner of Avenue U and Van Sicklen St, 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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