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29 Belmont Ave 5,000 SF Retail Building Brooklyn, NY 11212 $3,503,650 CAD ($700.73 CAD/SF) 3.60% Cap Rate
Investment Highlights
- income today, development tomorrow
Executive Summary
The property offers investors the opportunity to acquire a single-tenant C-Town supermarket in the densely populated Brownsville neighborhood of Brooklyn, providing an essential-grocery use that serves as a reliable neighborhood traffic driver. The 5,000 SF building occupies a 5,000 SF corner lot at Belmont Avenue and Thatford Avenue, offering a highly functional footprint for a neighborhood supermarket
FAR of 2.2 provides air rights or 12,000 BSF
Closing not before January 2027
FAR of 2.2 provides air rights or 12,000 BSF
Closing not before January 2027
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Supermarket
Building Size
5,000 SF
Building Class
C
Year Built
1930
Price
$3,503,650 CAD
Price Per SF
$700.73 CAD
Cap Rate
3.60%
NOI
$126,131 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.94
Lot Size
0.12 AC
Opportunity Zone
Yes
Zoning
R6, C1-3 - Zoning districts
R6, C1-3
Opportunity Zone
Parking
5 Spaces (1 Spaces per 1,000 SF Leased)
Frontage
50’ on Belmont Ave
Exceptionally walkable
100/100
Challenging for drivers
10/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 03523-0037 | Improvements Assessment | $481,822 CAD (2026) |
| Land Assessment | $110,365 CAD (2026) | Total Assessment | $592,187 CAD (2026) |
Property Taxes
Parcel Number
03523-0037
Land Assessment
$110,365 CAD (2026)
Improvements Assessment
$481,822 CAD (2026)
Total Assessment
$592,187 CAD (2026)
Contacts
-
Kenneth Schuckman -
Edward Gottlieb -
Bryan Altamirano -
Matthew Colantonio -
Schuckman Realty, Inc.
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29 Belmont Ave
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