474-478 Fulton St - Storefront Retail/Office FOR SALE
Brooklyn, NY 11201 |
474-478 Fulton St
Brooklyn, NY 11201
HIGHLIGHTS
- Trophy net lease investment on Fulton Mall - one of the most coveted, high-density retail and commercial corridors in Brooklyn
- 100% leased to best-in-class corporate tenants with limited landlord responsibilities
- Exceptional rent growth – Bank of America increases 9% every 3yrs + 15% increases at start of each option; Chipotle features 10% increases every 5yrs
- Located on bustling Fulton St (Fulton Mall) in Downtown Brooklyn, one of New York’s premier shopping districts with over 100,000 shoppers per day
- Neighboring tenants along Fulton Street: Macy’s, H&M, T.J. Maxx, Express, Chase, Adidas, AT&T, and City Point mall anchored by Target, lululemon, etc.
- Robust demographics with over $168,000 average household income within a half mile and over 1 million population within 3 miles
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Bank of America & Chipotle- Downtown Brooklyn
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Office
TOTAL BUILDING SIZE
38402
STORIES
4
YEAR BUILT
1920
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
00158-1001
