4201-4209 Avenue U Brooklyn, NY 11230
- Retail properties
- 2,653 SF
Current Use by Public Records
- Retail properties
Property Details for 4201-4209 Avenue U
- Year built
- 1972
- Property size
- 2,653 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- NY
- State
- New York
- Longitude
- -73.9654
- Latitude
- 40.6191
