5th avenue retail | 8627 5th Ave
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5th avenue retail 8627 5th Ave
4,800 SF 100% Leased Retail Building Brooklyn, NY 11209 £1,754,484 (£366/SF) 5% Net Initial Yield
Investment Highlights
- Great investment for now but will look better in the future
- Located in a high foot traffic area
- Storefront and rear vacant apartment could be combined in the near future
Executive Summary
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.
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.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
4,800 SF
Year Built
1920
Price
£1,754,484
Price Per SF
£366
Net Initial Yield
5%
NOI
£87,724
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Building FAR
1.97
Lot Size
0.06 AC
Zoning
R6B - R6 zoning districts are widely mapped in built-up, medium-density areas
Amenities
- Signage
Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (89)
Bike Score®
Very Bikeable (71)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 06051-0010 | Total Assessment | £207,749 (2024) |
| Land Assessment | £111,449 (2024) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £96,300 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
06051-0010
Land Assessment
£111,449 (2024)
Improvements Assessment
£96,300 (2024)
Total Assessment
£207,749 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
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Presented by
Madison Estates Sotheby's Int - Franzese Group
5th avenue retail | 8627 5th Ave
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