4201-4209 Avenue U Brooklyn, NY 11230
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10,000 SF, 100% Occupied, High NOI
Property size:
2,653 SFProperty Features for 4201-4209 Avenue U
General Information
- Property type
- Individual retail properties
- Square Feet
- 2,653 SF
Building Details
- Year Built
- 1972
- Stories
- 2
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 presents a 10,000 square foot, multi-tenant retail strip center located in Brooklyn, NY, at 4201-4209 Avenue U & 2175 Hendrickson Street. The property boasts 100 feet of frontage and is situated directly across from the prominent Kings Plaza Shopping Center, ensuring high visibility and foot traffic. The portfolio comprises four ground-floor retail stores, all currently leased at 100% occupancy, generating a substantial net operating income (NOI) of $235,256. The asking price is $3,500,000, representing a compelling 4.30% cap rate. Built in 1972, the two-story building features a total net rentable area of 10,000 square feet, with individual store sizes ranging from 2,653 to 4,350 square feet. The property benefits from flexible lease terms with demolition clauses allowing for re-tenanting opportunities. Conveniently located near major transportation, including the Avenue U Subway Station (2.0 miles) and a B3 bus stop directly in front, this property offers excellent accessibility. The zoning is R4, C2-2, and a Community Facility FAR bonus of 2.0 is available. Nearby landmarks include Floyd Bennett Field, Aviator Sports and Events Center, Marine Park, and Marine Park Golf Course. This is a rare opportunity to acquire a well-positioned, high-performing retail portfolio in a thriving Brooklyn location.
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- NY
- State
- New York
- Longitude
- -73.9653715
- Latitude
- 40.6190629
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FAQs
What type of property is this?
Individual retail property - 10,000 SF, 100% Occupied, High NOI
Where is this individual retail property located?
The property is located at 4201-4209 Avenue U Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 100' frontage, 10,000 SF corner retail strip center with four occupied ground floor retail stores.; 3,000 SF retail building (4201 Ave U) with two stores on a 50' x 60' lot.; 4,350 SF retail building (4209 Ave U) with two stores on a 50' x 60' lot.
