151-155 Atlantic Avenue Brooklyn, NY 11201

Listing agency TerraCRG

Listed by Dan Marks · License #NY 10301207091

Source Crexi

Added: Apr 11 Updated: Jul 21 at 2:06PM Checked: Jul 21 at 2:06PM

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Investment Insights

Based on property information with market context.

The offering consists of two properties at 151 and 155 Atlantic Avenue, providing 50 ft of frontage and 7,708 SF total. 151 Atlantic Avenue is occupied by Beasts & Bottles, with a lease expiring in November 2020 and one five-year renewal option. 155 Atlantic Avenue is occupied by Brando Thin Crust, with a lease expiring in 2026.

These properties are located on Atlantic Avenue between Henry Street and Clinton Street. Public remarks indicate the asset is priced to reflect a 4.65% cap rate at the asking price and may appeal to 1031 or value-add buyers.

Key Highlights

• Two restaurant storefronts on Atlantic Avenue with 50 ft of frontage and 7,708 SF total
• 151 Atlantic Avenue is occupied by Beasts & Bottles; lease expires November 2020 with one five‑year renewal option
• 155 Atlantic Avenue is occupied by Brando Thin Crust; lease expires in 2026

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FAQs

What type of property is this?

Storefront property - Two restaurant storefronts provide 50 ft of frontage and 7,708 SF on Atlantic Avenue, each under an active lease.

Where is this storefront property located?

The property is located at 151-155 Atlantic Avenue Brooklyn, NY.

What are key features of this property?

This property features: Two restaurant storefronts on Atlantic Avenue with 50 ft of frontage and 7,708 SF total; 151 Atlantic Avenue is occupied by Beasts & Bottles; lease expires November 2020 with one five‑year renewal option; 155 Atlantic Avenue is occupied by Brando Thin Crust; lease expires in 2026