4501 Glenwood Rd Brooklyn, NY 11203
- Flex space
- 6,617 SF
Current Use by Public Records
- Tropical Reflections / Banquet Hall
- Kente Fest -USA / Arts Organization
- JNT Fitness & Dance / Training Centre
- K&L Manor / Event Venue
- New York Kente Fest -USA / Arts Organization
Property Details for 4501 Glenwood Rd
- Year built
- 1931
- Property size
- 6,617 SF
- Property type
- Flex space
Description
This exceptional investment opportunity presents a 6,617-square-foot flex space located at 4501 Glenwood Road in Brooklyn, New York, 11203. The property, built in 1931 and extensively renovated in 2021, boasts a 14-foot ceiling height and sits on a 6,617-square-foot lot. Currently operating as a 100% occupied, single-tenant event/catering hall under a net lease, this property offers a secure investment with a remaining lease term exceeding six years. The lease includes attractive 3% annual rent bumps, ensuring consistent income growth. The asking price is $1,650,000, translating to a compelling $249.36 per square foot and a 6.35% capitalization rate based on a net operating income (NOI) of $104,775. The property is zoned M1-1 and benefits from its convenient corner location with ample street parking. This single-story building presents a rare opportunity to acquire a well-maintained, high-performing asset in a desirable Brooklyn location. The property's strong tenancy, favorable lease terms, and excellent location make it an ideal addition to any investment portfolio. The building's accessibility and the long-term lease provide significant stability and potential for future appreciation.
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
- Kings
- State
- New York
- Longitude
- -73.933234571589
- Latitude
- 40.634917986352
