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312 Brighton Beach Ave

3,777 SF 100% Leased Retail Building Brooklyn, NY 11235 £2,129,511 (£564/SF) 6.62% Net Initial Yield

Investment Highlights

  • In close proximity to the beach
  • Relatively close to other retailers/restaurants
  • Steps from Public Transportation
  • High Traffic Area

Executive Summary

Seize the chance to own this high-demand retail property, perfectly positioned on the main retail street with substantial car and foot traffic. This building promises a solid return on investment, offering a potential CAP rate of 6.5% or more.
Key Features:
• Prime Location: Located on a bustling main street, ensuring high visibility and customer engagement.
• Solid Condition: The building is well-maintained, minimizing upfront renovation costs.
• Investment Potential: Steady income with room for increased rents in the future, contributing to a potentially higher CAP rate.
Ideal for investors looking to add a high-performing asset to their portfolio in a sought-after retail corridor. Don’t miss this chance!

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,777 SF
Building Class
C
Year Built
1927
Price
£2,129,511
Price Per SF
£564
Net Initial Yield
6.62%
NOI
£141,034
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Building FAR
1.97
Land Acres
0.04 AC
Opportunity Zone
Yes
Zoning
R6/C1-2 (S3) - R6 zoning districts are widely mapped in built-up, medium-density areas in Brooklyn, Queens and the Bronx.
Frontage
18 ft on Brighton Beach
Walk Score ®
Walker's Paradise (97)
Transit Score ®
Rider's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Bank of America
Starbucks
Chase Bank
Valley National Bank
Citi
Capital One
Blink Fitness
Key Food
Webster Bank
Crossfit

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
08686-0058
Land Assessment
£59,369
Improvements Assessment
£87,099
Total Assessment
£146,468
  • Listing ID: 33718713

  • Date on Market: 01/11/2024

  • Last Updated:

  • Address: 312 Brighton Beach Ave, Brooklyn, NY 11235

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