Bensonhurst Community Facility
For Sale
$3,650,000
1759 Bay Ridge Pkwy 1A, Brooklyn, NY 11204
Newly built daycare center condo with lease in place.
Property Size5,400 SF
Price / SF$675.93
Days on Market120
Property Features for 1759 Bay Ridge Pkwy 1A
General Information
Standard status
Active
Size
5,400 SF
Property subtype
Commercial
Building Details
Year Built
2017
Listing Agency:
Keller Williams Realty Empire
(718) 954-8400
Listed By:
Herng-Hwa L. Sheu
(718) 954-8400
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Aug 21 at 10:34AM
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 Keller Williams Realty Empire
Investment Insights
Based on property information with market context.
This is a newly constructed community facility condo, completed in 2022, situated in the 18th Avenue shopping area of Bensonhurst, Brooklyn. It has received Department of Education approval as a 128-student daycare center, including a UPK C/O program. The property features seven large classrooms, seven restrooms, and an open office area equipped with a kitchenette. The first floor spans 5400 square feet, complemented by an 800-square-foot basement and approximately 800 square feet of playground space on the side. The property is currently under a triple net lease with 5 + 5 year terms, which commenced on October 1, 2024, and includes an annual rent increase of 3%. The location has a walk score of 96, indicating it is a walker's paradise, a transit score of 81, indicating excellent transit options, and a bike score of 54, indicating it is bikeable. The property is presented as an investment opportunity with a 5.27% cap rate.
Key Highlights
- Newly built (2022) community facility condo approved by DOE for 128‑student daycare.
- Currently leased with a triple net lease (5 + 5 terms) starting 10/01/2024 with 3% annual increase.
- 5.27% Cap Rate investment opportunity.**
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,822
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 11204, NY
85,885
Population
27,498
Households
3.1
Avg Household Size
34
Median Age
30%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
53,678
Density / Sq Mi
$67,588
Median Household Income
$33,461
Median Earnings
$1,751
Median Rent
$1,097,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Day care center - Newly built daycare center condo with lease in place.
Where is this day care center located?
The property is located at 1759 Bay Ridge Pkwy 1A Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,650,000.
What are key features of this property?
This property features: Newly built (2022) community facility condo approved by DOE for 128‑student daycare.; Currently leased with a triple net lease (5 + 5 terms) starting 10/01/2024 with 3% annual increase.; 5.27% Cap Rate investment opportunity.**
