Current Use by Public Records
- U.Nice MINI MARKET / Specialty Food Shop / Supermarket
- Ecodent Dental Laboratory / Dental Office
- S Group Express Inc / Medical Clinic
- Red carpet fashion / Clothing Store
Property Details for 802 Avenue U
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a fully occupied, 38,100 square foot storefront located at 802 Avenue U in Brooklyn, New York, within Kings County, zip code 11223. The property boasts a strong 6.00% cap rate and commands an asking price of $14,000,000. The building is a ten-year-old, modern structure featuring a multi-tenancy setup with 100% occupancy. The retail space comprises three separate stores, complemented by twenty modern two-bedroom apartments. Convenient underground parking is available for fourteen vehicles. The property's prime location offers significant frontage on Avenue U, ensuring high visibility and accessibility. The gross lease structure simplifies management, and the absence of a remaining lease term allows for immediate control and potential for future rent increases. This is a rare opportunity to acquire a high-performing, fully occupied retail property in a desirable Brooklyn location with substantial upside potential. The property's modern amenities, including an elevator, and ample parking further enhance its appeal to both tenants and investors. This is a turnkey investment ready to generate immediate income.
Value Estimations
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AI approach
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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
- Kings
- State
- New York
- Longitude
- -73.9626
- Latitude
- 40.598
