Net-Leased Bank
For Sale
Contact for pricing
247 Avenue U, Brooklyn, NY 11223
100% leased to Northfield Bank under a 15-year triple-net lease with about 4.7 years remaining on the initial term.
Property SizeContact for details
Days on Market121
Property Features for 247 Avenue U
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 22 at 8:45AM
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 SURMOUNT
Investment Insights
Based on property information with market context.
This net-leased bank property is 100% leased to Northfield Bank under a 15-year triple-net (NNN) lease structure. Approximately 4.7 years remain on the initial lease term. The building contains 3,864 square feet of interior space, and the annual net operating income is reported at $229,091 ($19,091 monthly).
The property is conveniently located on the corner of Avenue U and Van Sicklen St in Brooklyn, New York, with access supported by subway service and strong pedestrian activity in the surrounding area.
The property is conveniently located on the corner of Avenue U and Van Sicklen St in Brooklyn, New York, with access supported by subway service and strong pedestrian activity in the surrounding area.
Key Highlights
- 100% leased to Northfield Bank under a 15‑year triple‑net (NNN) lease
- Approximately 4.7 years remaining on the initial term of the 15‑year NNN lease
- Corner location on Avenue U and Van Sicklen St in Brooklyn
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,120
Businesses Nearby
76k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Groceries 30%
Dining 10%
Electronics 5%
Petco
Shops & Services
23,136 visits/mo
0.4 miles
Super Foodtown
Groceries
19,340 visits/mo
0.5 miles
Sunoco
Shops & Services
15,934 visits/mo
0.4 miles
Dunkin' Donuts
Dining
5,859 visits/mo
0.5 miles
C-Town Supermarkets
Groceries
3,615 visits/mo
0.3 miles
Demographics for 11223, NY
83,519
Population
28,857
Households
2.9
Avg Household Size
37
Median Age
34%
College-Educated
78%
High-School Grad
2.1 sq mi
ZIP Area
39,771
Density / Sq Mi
$63,950
Median Household Income
$40,592
Median Earnings
$1,653
Median Rent
$1,063,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - 100% leased to Northfield Bank under a 15-year triple-net lease with about 4.7 years remaining on the initial term.
Where is this nnn property located?
The property is located at 247 Avenue U Brooklyn, NY.
What are key features of this property?
This property features: 100% leased to Northfield Bank under a 15‑year triple‑net (NNN) lease; Approximately 4.7 years remaining on the initial term of the 15‑year NNN lease; Corner location on Avenue U and Van Sicklen St in Brooklyn
