8627 5th Ave - Storefront FOR SALE


Brooklyn, NY 11209
$2,189,000 USD
917-453-1795
8627 5th Ave, Brooklyn, NY for Sale
$2,189,000 USD
Storefront - FOR SALE
1/2
null | 5% Cap Rate

8627 5th Ave
Brooklyn, NY 11209


HIGHLIGHTS

  • Great investment for now but will look better in the future
  • Storefront and rear vacant apartment could be combined in the near future
  • Located in a high foot traffic area

OVERVIEW

Prime investment - Just 200 Ft Off of 86th Street and 5th Avenue! Store is leased for the next 6 years. Pays 25 % of the RE Tax and part of the Water Bill. This is an investment opportunity to own "Bay Ridge Prime". Delivered as 3 vacant apartments. Currently 2 occupied apartments have no lease and may want to speak about future tenancy and rents. The apartments are dated but after some work - Its in a High rental area. The area will be occupied with more retail anchor tenants soon. Buy for the Future! Income and expenses to be provided upon request . Storefront and rear vacant apartment could be combined in the near future.

FOR SALE DETAILS

PRICE

$2,189,000 USD

PRICE/SF

$456 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5th avenue retail

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,435 SF

ZONING

R6B

APN/PARCEL ID

06051-0010

ASK ABOUT THIS PROPERTY

Vince BlandinoMadison Estates Sotheby's Int - Franzese GroupMore Info
917-453-1795

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Vince BlandinoMadison Estates Sotheby's Int - Franzese GroupMore Info
917-453-1795

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