The offering presents a rare opportunity for an investor, user, or developer to acquire a 100% fee simple interest in a corner commercial property in one of Brooklyn’s most desirable neighborhoods. The property has a total of 435 feet of frontage on the three streets it faces. There is over 71,000 rentable square feet of retail space and public parking garage space plus rentable billboard space and cell tower space. The Property’s largest tenant is PetSmart. The corner retail space is currently vacant. Negotiations are underway with quality tenants. In addition, there is a public parking garage and a hair salon. Value can be added by leasing the billboard space on the side of the building and cell tower space on the roof. There is an assumable mortgage with a very low interest rate and interest-only payments due until maturity. The mortgage payments will create an opportunity for positive leverage. There is a 25 year ICIP Exemption on the Property so the real estate taxes will be very low for many years to come.