5215 6Th Ave Brooklyn, NY 11220

Property Details for 5215 6Th Ave

Year built

1909

Lot size

0.05 lot acres

Property size

7,248 SF

Property type

Commercial real estate

Description

This exceptional commercial property, located at 5215 6th Avenue in Brooklyn, New York, presents a rare investment opportunity. The 7,248 square foot building sits on a 0.05-acre lot, offering significant potential for future growth. Currently occupied by a long-standing tenant with a proven track record in the neighborhood, this property boasts a highly favorable commercial lease. The lease agreement includes a built-in annual rent increase of $100, ensuring consistent and predictable income growth. Importantly, the lease agreement does not require any property tax reimbursements from the tenant, minimizing your financial burden. The current lease extends with an option to renew through the year 2035, providing long-term stability and security for your investment. This is a unique chance to acquire a well-established commercial property in a thriving Brooklyn location with a secure, long-term lease and minimal operational overhead. The asking price for this exceptional opportunity is $180,000. This property is ideal for investors seeking a stable, income-generating asset with significant long-term potential. The property's location on a busy thoroughfare ensures high visibility and accessibility, further enhancing its investment appeal. Don't miss this chance to secure a piece of Brooklyn's vibrant commercial landscape.