2450 Hendrickson St Brooklyn, NY 11234
Property Features for 2450 Hendrickson St
General Information
- Property type
- Retail properties
- Square Feet
- 25,300 SF
Building Details
- Buildings
- 3
- Units
- 7
Listing Agency: JA Cohen Advisory Group LLC Listing Agent: Jack A. Cohen
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity encompasses three retail properties totaling 25,300 square feet in Brooklyn's desirable Marine Park neighborhood. The portfolio includes a prominent 15,300 square foot, three-level building at 2450 Flatbush Avenue, boasting a 60-foot frontage and vacant for immediate repositioning. This building sits on a 60' x 100' lot and was constructed in 1987. Additionally, the portfolio features a 10,000 square foot strip center at 4201-4209 Avenue U and 2175 Hendrickson Street, currently generating income from four ground-floor retail tenants with demo clauses for re-tenanting. This section includes buildings constructed between 1971 and 1973, situated on lots ranging from 50' x 60' to 100' x 100'. The combined properties offer a compelling pro-forma cap rate of 5.40% and a Net Operating Income (NOI) of $485,341. The asking price for the entire portfolio is $8,500,000, translating to a price per square foot of $355.73. The properties benefit from a highly visible location across from Kings Plaza Shopping Center, proximity to major transportation (Avenue U Subway Station and B3 bus), and convenient access to Floyd Bennett Field, Aviator Sports and Events Center, Marine Park, and the Marine Park Golf Course. The Community Facility Far bonus is 2.0. Zoning varies across the properties, including C8-1, R4, and C2-2 designations. This presents a unique opportunity to acquire a well-located, multi-building retail portfolio with significant upside potential. The properties are delivered vacant, allowing for immediate customization and tenant selection.
Property Profile
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9235164
- Latitude
- 40.6096296
Nearby Similar for Sale
FAQs
What type of property is this?
Retail property - Prime Brooklyn retail, vacant & income producing.
Where is this retail property located?
The property is located at 2450 Hendrickson St Brooklyn, NY.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: 2450 Flatbush Avenue, Brooklyn, NY: 15,300 SF, three-level retail building; 60' x 100' lot; built 1987; vacant; 60-foot frontage; C8-1 zoning.; 4201-4209 Avenue U & 2175 Hendrickson Street, Brooklyn, NY: 10,000 SF strip center; four retail tenants; demo clauses; built 1971-1973; lots ranging from 50' x 60' to 100' x 100'; R4, C2-2 zoning; average rent $24.80/SF.; Portfolio Highlights: 25,300 total square feet; $8,500,000 asking price; $355.73 price per square foot; 5.40% pro-forma cap rate; $485,341 NOI; across from Kings Plaza; near Avenue U Subway and B3 bus; Community Facility Far bonus 2.0.