JA Cohen Advisory Group has been retained as the exclusive agent for ownership to offer an opportunity to purchase these 4 parcels of 25,300 SF retail space. It is located in Marine Park right across from the Kings Plaza shopping center.
• 2450 Flatbush Ave consists of a 2-story retail building with a 60’ front and 16,800 gross SF on a 60’ x 100’ lot. This property will be delivered vacant.
• 4201-4209 Ave U & 1275 Hendrickson St consists of 100’ frontage with 10,000 combined SF including 4 ground floor retail stores, all paying rents.
• 4201 AVE U consists of a 3,000 SF retail building with 2 stores on a 50’ x 60’ lot. This parcel is contiguous with 2175 Hendrickson Street & 4209 Ave U.
• 4209 AVE U consists of a 4,350 SF retail building with 2 stores on a 50’ x 60’ lot.
• 1275 Hendrickson Street consists of 2,650 SF and is connected to the store on 4201 Ave U.
• There are demo clauses in all the leases for re-tenanting. The Community Facility Far bonus is 2.0.