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187 7th Ave
Brooklyn, NY 11215
Prime Retail Condo · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Located on 7th Ave in Park Slope
- Absolute Triple Net Lease
- Long Term Corporate Lease
EXECUTIVE SUMMARY
Five Point Real Estate is excited to present investors with the opportunity to own a prime commercial condo located on the ground floor of a five story residential condo building In the heart of Park Slope, Brooklyn. Located on the main retail corridor of 7 th Avenue, this commercial condo experiences tremendous vehicular and pedestrian traffic all day long. The approximate 2000SF retail condo is currently leased in its entirety to Douglas Elliman Real Estate Company. With over Ten years remaining on the lease term, and another ten years in renewal options, stability and ease of management is exactly what you will get when owning this absolute Corporate Net Leased commercial condo. The subject property is located two blocks from Prospect Park, next Chipotle on the corner of 7 th and 2 nd..
PROPERTY FACTS
| Total Building Size | 10,400 SF | Floors | 5 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 2,080 SF |
| Property Subtype | Apartment | Year Built | 1920 |
| Building Class | C | Lot Size | 0.06 AC |
| Zoning | R6 - There is a Street Level Retail,Condo that is being sold. The remiander of the building is Residential Condo units that are indvidually owned. | ||
| Total Building Size | 10,400 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 5 |
| Typical Floor Size | 2,080 SF |
| Year Built | 1920 |
| Lot Size | 0.06 AC |
| Zoning | R6 - There is a Street Level Retail,Condo that is being sold. The remiander of the building is Residential Condo units that are indvidually owned. |
1 UNIT AVAILABLE
Unit Unit 1
| Unit Size | 2,200 SF | Cap Rate | 4.16% |
| Condo Use | Retail | NOI | $358,365.80 CAD |
| Sale Type | Investment |
| Unit Size | 2,200 SF |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 4.16% |
| NOI | $358,365.80 CAD |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | - | - |
