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4201-4209 Avenue U Brooklyn, NY 11230

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For Sale
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10,000 SF, 100% Occupied, High NOI

Property size:
2,653 SF

Property 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

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Listing Contact
Jack A. Cohen
Jack A. Cohen

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.

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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

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Brooklyn
County
NY
State
New York
Longitude
-73.9653715
Latitude
40.6190629

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.
(347) 244-2226 Call to check price and availability
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