3460 Nostrand Ave
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3460 Nostrand Ave
20,475 SF Retail Building Brooklyn, NY 11229 For Sale
Executive Summary
Newmark has been engaged on an exclusive basis to arrange for the sale of 3460 Nostrand Avenue in Sheepshead Bay, Brooklyn (the “Property” or “Offering”). The Offering benefits from 160’ of frontage along Nostrand Avenue between Avenues U and V. The Property, built in 2005, is a 20,475 SF free-standing retail building with 10,238 SF of ground floor selling space with 18’ ceilings and 10,238 of lower-level selling space with 14’ ceilings. The Offering also includes an on-grade dedicated parking lot with 18 spaces for customers to utilize on-site.
The Property is currently owner-occupied and will be delivered vacant upon sale. Investors have the value-add opportunity to lease up the building at market rate in a highly trafficked and extremely dense retail corridor in Brooklyn. The Property is also conveniently located less than a mile from the Avenue U Q train and a few blocks away from Belt Parkway, for easy access to all of Brooklyn and Manhattan.
The Property is currently owner-occupied and will be delivered vacant upon sale. Investors have the value-add opportunity to lease up the building at market rate in a highly trafficked and extremely dense retail corridor in Brooklyn. The Property is also conveniently located less than a mile from the Avenue U Q train and a few blocks away from Belt Parkway, for easy access to all of Brooklyn and Manhattan.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
20,475 SF
Building Class
C
Year Built
2005
Tenancy
Single
Number of Floors
1
Building FAR
1.21
Lot Size
0.39 AC
Zoning
R4,C1-2
Parking
18 Spaces (0.88 Spaces per 1,000 SF Leased)
Frontage
97 ft on Nostrand Ave.120
Walk Score ®
Walker's Paradise (95)
Transit Score ®
Excellent Transit (73)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 07362-0013 | Improvements Assessment | £1,548,378 |
| Land Assessment | £239,849 | Total Assessment | £1,788,227 |
PROPERTY TAXES
Parcel Number
07362-0013
Land Assessment
£239,849
Improvements Assessment
£1,548,378
Total Assessment
£1,788,227
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3460 Nostrand Ave
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