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- LoopNet Team
10 Nevins St
Brooklyn, NY 11217
The Brooklyn Grove · Multifamily Property For Sale
·
184 Units
INVESTMENT HIGHLIGHTS
- Long Term Leases with Medical Users (low default risk)
- Ceiling Height: 12 FT
- Glass Frontage: 25 FT
- New Construction
EXECUTIVE SUMMARY
The Property presents investors with an excellent opportunity to acquire a newly built, fully leased, cash flowing retail condominium in the heart of Downtown Brooklyn. Medical tenants and dental in particular have the lowest default rate for any retail use. The property benefits from a 15-year ICAP abatement with 14 years remaining (10 years abated at 100% followed by four years of gradual abatement burn-off). 10 Nevins is conveniently located one block from the Dekalb Ave B,D,N,Q,R and the Nevins St 2,3,4,5 subway stations.
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Concierge
- Fitness Center
- Pool
- Tenant Controlled HVAC
- Grill
- On-Site Retail
- Roof Terrace
- Storage Space
- Bicycle Storage
- Elevator
- Lounge
- Online Services
- Sundeck
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 184 | - | - |
