20 Grand Ave - Loft/Creative Space FOR SALE


Brooklyn, NY 11205
$23,000,000 USD
212-544-9500
20 Grand Ave, Brooklyn, NY for Sale
$23,000,000 USD
Loft/Creative Space - FOR SALE
1/8
null | 6.18% Cap Rate

20 Grand Ave
Brooklyn, NY 11205


OVERVIEW

-Located on the west side of Grand Avenue between Flushing and Park Avenues -Comprised of 64 units: 62 commercial tenants and 2 residential lofts. 93% occupancy -Below-market rents offer investors a prime value-add opportunity to unlock upside potential - Below replacement costs NOI: $1,421,035 - Five minute walk to Brooklyn Navy Yard - Easy access to the Brooklyn Queens Expressway entrance, providing access to Manhattan in under 10 minutes

FOR SALE DETAILS

PRICE

$23,000,000 USD

PRICE/SF

$248 USD /SF

CAP RATE

6.18%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

7

BUILDING CLASS

C

YEAR BUILT

1919

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

M1-2, Brooklyn, (F1)

APN/PARCEL ID

01877-0035

ASK ABOUT THIS PROPERTY

SEAN KellyAriel Property AdvisorsMore Info
212-544-9500

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SEAN KellyAriel Property AdvisorsMore Info
212-544-9500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.