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245 Nostrand Ave - ACCEPTING OFFERS! NEW Retail Condo for Sale!

2,000 SF Retail Unit Offered at £783,300 in Brooklyn, NY 11205

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Investment Highlights

5+ Cap Rate
Backyard / Outdoor
New Building

Includes Finished Lower Level
HVAC

Executive Summary

Ground Floor Retail + Lower Level = 2,000 SF Total. Easily a 5-cap with tenant, located on Nostrand Avenue--a high traffic street / commercial corridor in Bed Stuy.

Offering Memorandum
Market Information

Property Facts

Price	£783,300	Building Class	C
Unit Size	2,000 SF	Number of Floors	4
No. Units	1	Typical Floor Size	1,400 SF
Total Building Size	5,600 SF	Year Built	2018
Property Type	Retail (Unit)	Lot Size	0.06 AC
Property Subtype	Storefront Retail/Office General Retail Convenience Store General Retail Restaurant Office Medical	Parking Ratio	0.18/1,000 SF
Sale Type	Investment or Owner User	Sale Conditions	Design & Build Tenants option to buy property

Price	£783,300
Unit Size	2,000 SF
No. Units	1
Total Building Size	5,600 SF
Property Type	Retail (Unit)
Property Subtype	Storefront Retail/Office General Retail Convenience Store General Retail Restaurant Office Medical
Sale Type	Investment or Owner User
Building Class	C
Number of Floors	4
Typical Floor Size	1,400 SF
Year Built	2018
Lot Size	0.06 AC
Parking Ratio	0.18/1,000 SF
Sale Conditions	Design & Build Tenants option to buy property

1 Unit Available

Unit 1

Unit Size	2,000 SF	Net Initial Yield	6.50%
Price	£783,300	NOI	£50,914.50
Price Per SF	£391.65	Sale Conditions	Design & Build, Tenants option to buy property
Unit Use	Retail	APN/Parcel ID	01784-7501
Sale Type	Investment or Owner User

Unit Size	2,000 SF
Price	£783,300
Price Per SF	£391.65
Unit Use	Retail
Sale Type	Investment or Owner User
Net Initial Yield	6.50%
NOI	£50,914.50
Sale Conditions	Design & Build, Tenants option to buy property
APN/Parcel ID	01784-7501

Description

Ground Floor Retail + Lower Level = 2,000 SF Total. Easily a 5-cap with tenant, located on Nostrand Avenue--a high traffic street / commercial corridor in Bed Stuy.