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1602 Kings Hwy 700 - 23,065 SF of Space Available in Brooklyn, NY 11229
HIGHLIGHTS
- Ideal for School, Medical/ Office or F&B on the ground floor division
- Building is serviced by Elevator
- All logical divisions considered
SPACE AVAILABILITY (4)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 3,870 SF | - | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | |
| 1st Floor | 700 SF | 13’ | 1-20 Years | Upon Request Upon Request Upon Request Upon Request | Modified Gross | |
| 2nd Floor | 7,890 SF | - | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | |
| 3rd Floor | 10,605 SF | - | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
3,870 – 28,838 SF (5,400 SF basement for storage) Available ideal for School, Medical/ Office or F&B on the ground floor division; all logical divisions available of higher floors. Building is serviced by Elevator.
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 22,365 SF of adjacent space
- Basement
1st Floor
- Listed rate may not include certain utilities, building services and property expenses
- Located in-line with other retail
- High End Trophy Space
- Finished Ceilings: 13’
2nd Floor
3,870 – 28,838 SF (5,400 SF basement for storage) Available ideal for School, Medical/ Office or F&B on the ground floor division; all logical divisions available of higher floors. Building is serviced by Elevator.
- Fits 20 - 64 People
- Can be combined with additional space(s) for up to 22,365 SF of adjacent space
- Located in-line with other retail
3rd Floor
3,870 – 28,838 SF (5,400 SF basement for storage) Available ideal for School, Medical/ Office or F&B on the ground floor division; all logical divisions available of higher floors. Building is serviced by Elevator.
- Fits 27 - 85 People
- Can be combined with additional space(s) for up to 22,365 SF of adjacent space
- Located in-line with other retail
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 23,065 SF | Property Subtype | Freestanding |
| Max. Contiguous | 22,365 SF | Gross Leasable Area | 25,000 SF |
| Property Type | Retail | Year Built | 1930 |
| Total Space Available | 23,065 SF |
| Max. Contiguous | 22,365 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 25,000 SF |
| Year Built | 1930 |
ABOUT THE PROPERTY
Located at the corner of Kings Highway and East 16th Street
NEARBY MAJOR RETAILERS
Presented by
1602 Kings Hwy
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