116 Avenue U Brooklyn, NY 11223
6,000 SF building with tenant in place.
Type:Office, Retail
Property size:
6,000 SFPrice / SF:
$707/SF- Added:
- Apr 17, 2024
- Days on Market:
- 738
- Last Refresh:
- Mar 17 at 1:25 pm
Property Features for 116 Avenue U
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- Office, Retail
Listing agent Joseph Devito License #New York
Listing office BHHS Fillmore R.E
Listing date Apr 17, 2024
Source Crexi
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 BHHS Fillmore R.E
Overview
Gravesend Avenue Investment Opportunity
This 6,000 square foot building, plus basement, is located on Gravesend Avenue. The property is currently occupied by a tenant with 7 years remaining on their lease, paying triple net rent which includes 80% of the property taxes. Zoned R5,C2-3, the site allows for future development opportunities. The location benefits from high traffic and is near the N train and city bus lines. This property is suitable for investors, developers, and 1031 exchanges.
Location Intelligence
Current Use by Public Records
Victory Outreach Church
Church
Victory Outreach Brooklyn ...
Church
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.979752
- Latitude
- 40.596009
Nearby Similar for Sale
FAQs
What type of property is this?
Retail property - 6,000 SF building with tenant in place.
Where is this retail property located?
The property is located at 116 Avenue U Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,245,000.
What are key features of this property?
This property features: Prime Gravesend Avenue location.; 6000 square foot building plus basement.; Tenant in place with 7 years remaining on a triple net lease.
