On-Grade Retail Condo with NNN
For Sale
Contact for pricing
Pending
87 7th Avenue, Brooklyn, NY 11217
NNN retail condo with street-facing frontage, 12-13’ ceiling heights, and a lease in place through August 2028.
Property Size3,000 SF
Days on Market112
Property Features for 87 7th Avenue
General Information
Standard status
Pending
Size
3,000 SF
Property subtype
Retail, Land
Additional Details
Clear Height
13 ft
Building Details
Tenancy
Single
Listing Agency:
JLL - New York City, New York
(212) 376-5449
Listed By:
Brendan Maddigan · License #NY 10301206472
Source:
Crexi
Added: Apr 10
Changed: Jul 22
Last Checked: Jul 29 at 3:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL - New York City, New York
Investment Insights
Based on property information with market context.
The property is a commercial condo featuring approximately 1,800 SF of on-grade retail space plus an additional 1,200 SF of below-grade space. The unit has 20’ of frontage along 7th Avenue and ceiling heights ranging from 12’ to 13’ throughout.
Located on the east side of 7th Avenue between Union Street and Berkeley Place, the space is positioned along a heavily trafficked retail corridor. Flatbush Avenue is four blocks north, and Atlantic Terminal Mall & the Barclays Center are described as a five-minute walk west, providing access to more than 10 subway lines and the LIRR.
The space is currently NN leased by Paper Source, with the lease running through August 2028. Current annual payments are $272,000, with scheduled increases in 2019 and 2023 up to $326,200 annually until the end of the term. Taxes, insurance, and utilities are passed through to the tenant and billed monthly.
Located on the east side of 7th Avenue between Union Street and Berkeley Place, the space is positioned along a heavily trafficked retail corridor. Flatbush Avenue is four blocks north, and Atlantic Terminal Mall & the Barclays Center are described as a five-minute walk west, providing access to more than 10 subway lines and the LIRR.
The space is currently NN leased by Paper Source, with the lease running through August 2028. Current annual payments are $272,000, with scheduled increases in 2019 and 2023 up to $326,200 annually until the end of the term. Taxes, insurance, and utilities are passed through to the tenant and billed monthly.
Key Highlights
- Street‑facing retail condo at 87 7th Avenue on the east side of 7th Avenue between Union Street and Berkeley Place
- Approximately 1,800 SF on‑grade retail plus 1,200 SF below‑grade space
- 20’ of frontage along 7th Avenue with ceiling heights ranging from 12’ to 13’
Property Analytics
Current Use
Lease Details
13 ft
Clear height
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
8,014
Businesses Nearby
189k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Dining 30%
Groceries 17%
Hotels & Casinos 2%
Barnes & Noble
Shops & Services
34,907 visits/mo
0.4 miles
Key Food Urban Marketplace
Groceries
23,386 visits/mo
0.0 miles
Dinosaur Bar-B-Que
Dining
9,469 visits/mo
0.5 miles
Chipotle Mexican Grill
Dining
9,346 visits/mo
0.3 miles
Unleashed by Petco
Shops & Services
8,951 visits/mo
0.1 miles
Demographics for 11217, NY
42,417
Population
21,590
Households
2
Avg Household Size
36
Median Age
73%
College-Educated
93%
High-School Grad
0.7 sq mi
ZIP Area
60,596
Density / Sq Mi
$158,314
Median Household Income
$95,067
Median Earnings
$2,800
Median Rent
$1,614,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Retail space - NNN retail condo with street-facing frontage, 12-13’ ceiling heights, and a lease in place through August 2028.
Where is this retail space located?
The property is located at 87 7th Avenue Brooklyn, NY.
What are key features of this property?
This property features: Street‑facing retail condo at 87 7th Avenue on the east side of 7th Avenue between Union Street and Berkeley Place; Approximately 1,800 SF on‑grade retail plus 1,200 SF below‑grade space; 20’ of frontage along 7th Avenue with ceiling heights ranging from 12’ to 13’
