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4022 8Th Ave Brooklyn, NY 11232

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8th Ave Office, High Potential

Property size:
4,000 SF

Property Features for 4022 8Th Ave

General Information

Property type
Specialty properties
Square Feet
4,000 SF

Building Details

Stories
2
Units
1

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Listing Contact
Jian Carey Yang
Jian Carey Yang

Listing Agency: Exit Realty Professionals Listing Agent: Jian Carey Yang

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This exceptional commercial property, located at 4022 8th Avenue in Brooklyn, NY 11232, presents a unique investment opportunity. The duplex consists of two commercial condominium units totaling 4,000 square feet, situated on a 2,500 square foot lot. The building is two stories high, boasting ceiling heights ranging from 8 to 10 feet. Currently, the property is occupied by a senior citizens activity center under a lease with four years remaining, generating a monthly rent of $8,700, which includes a 4% annual increase. The current Net Operating Income (NOI) stands at $77,310, resulting in a 3% capitalization rate. The asking price for this turnkey investment is $2,500,000. This prime location on 8th Avenue in the bustling Kings County business district offers significant potential for future growth and diverse business applications. The property's existing tenant provides immediate cash flow, while the substantial square footage and strategic location present numerous possibilities for long-term value appreciation. This is a rare opportunity to acquire a well-maintained, income-producing commercial property in a highly desirable Brooklyn neighborhood. Serious inquiries only.
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Location Insight

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City
Brooklyn
County
Kings (Brooklyn)
State
New York
Longitude
-73.9985139
Latitude
40.6464336

FAQs

What type of property is this?
Specialty property - 8th Ave Office, High Potential
Where is this specialty property located?
The property is located at 4022 8Th Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 4,000 SF duplex commercial condo in Brooklyn, NY, on a 2,500 SF lot.; Two-story building with 8-10 ft ceilings.; Currently leased to a senior center with four years remaining, generating $8,700/month rent (4% annual increase).
(718) 838-2600 Call to check price and availability
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