5801 Flatlands Ave, Brooklyn, NY 11234
12,715 SF | 100% Leased | 4-Star Retail Building | Brooklyn, NY 11234 | $8,900,000 ($700/SF) | 6.68% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $8,900,000
- Property Type
-
Retail
- Square Feet
- 12,715 SF
- Price / Square Foot
- $700
Listing Contacts
Steven Siegel
Verified Profile
Philip Biancavilla
Verified Profile
Michael Kook
Verified Profile
- Property Info
Property Overview
- 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
- 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
- Strategically Positioned at the Hard Intersection of Flatlands Ave and E 58th Street with 278 Feet of Frontage on Flatlands Ave (14,000
VPD)
- Located in a Dense and Growing Neighborhood with Over 93,000 People Making and Average Household Income of Over $110,000 Living
Within a 1-Mile Radius
- 20 On-Site Parking Spaces with 2 Points of Ingress and Egress
- 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
- Strategically Positioned at the Hard Intersection of Flatlands Ave and E 58th Street with 278 Feet of Frontage on Flatlands Ave (14,000
VPD)
- Located in a Dense and Growing Neighborhood with Over 93,000 People Making and Average Household Income of Over $110,000 Living
Within a 1-Mile Radius
Property Details
- Class
- B
- Year Built
- 2023
- Stories
- 1
- Lot Size (sq. ft)
- 20,909 SF
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].