On-Grade Retail Condo with NNN
87 7th Avenue Brooklyn, NY 11217
87 7th Avenue, Brooklyn, NY, 11217
Contact for pricing
For Sale
Contact for pricing
Pending
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 Market104
Property Features for 87 7th Avenue
General Information
- Standard status
- Pending
- Size
- 3,000 SF
- Property subtype
- Retail, Land
Listing agency
JLL - New York City, New York
(212) 376-5449
Listed by
Brendan Maddigan · License #NY 10301206472
Source
Crexi
Added: Apr 10 Updated: Jul 22 at 3:03PM Checked: Jul 22 at 3:03PM
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
Location Intelligence
Current Use by Public Records
Paper Source
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
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’
