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Fully Leased National Credit Retail 2940 Cropsey Ave 3,280 SF 100% Leased Retail Building Brooklyn, NY 11214 For Sale
Investment Highlights
- Fully Leased ‘NN’ Retail Occupied by Chipotle & Bank of America ATM
- Stable Cash-Flow with Predictable Investment Yield
- Greater Coney Island Gateway Location
Executive Summary
RIPCO Real Estate has been exclusively retained for the sale of 2940 Cropsey Avenue in Gravesend, Brooklyn.
2940 Cropsey Avenue presents a highly attractive investment opportunity due to its strategic location and stable income profile. It is fully leased to strong tenants, Chipotle and a Bank of America ATM, with leases extending through Q1 2032, ensuring a predictable cash flow. Located on a prime blockfront just off the Belt Parkway 6S exit, the property features 200 feet of frontage on Cropsey Avenue at two signalized corners, offering excellent exposure and high traffic.
This opportunity provides a predictable yield with minimal landlord responsibilities and includes built-in rent increases, the next scheduled for 2027. The recently built, modern freestanding building includes a drive-thru ATM and dedicated parking on an approximately 20,000 SF lot with two convenient access points. Its position as a key gateway to the Greater Coney Island trade area further boosts visibility, convenience, and traffic volume.
For additional information or to arrange for a property inspection, contact exclusive brokers.
2940 Cropsey Avenue presents a highly attractive investment opportunity due to its strategic location and stable income profile. It is fully leased to strong tenants, Chipotle and a Bank of America ATM, with leases extending through Q1 2032, ensuring a predictable cash flow. Located on a prime blockfront just off the Belt Parkway 6S exit, the property features 200 feet of frontage on Cropsey Avenue at two signalized corners, offering excellent exposure and high traffic.
This opportunity provides a predictable yield with minimal landlord responsibilities and includes built-in rent increases, the next scheduled for 2027. The recently built, modern freestanding building includes a drive-thru ATM and dedicated parking on an approximately 20,000 SF lot with two convenient access points. Its position as a key gateway to the Greater Coney Island trade area further boosts visibility, convenience, and traffic volume.
For additional information or to arrange for a property inspection, contact exclusive brokers.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,280 SF
Building Class
B
Year Built
2016
NOI
$566,421 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
0.46 AC
Opportunity Zone
Yes
Zoning
R4
Parking
24 Spaces (7.32 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Banking
- Restaurant
- Drive Thru
Walk Score®
Very Walkable (80)
Transit Score®
Rider's Paradise (97)
Nearby Major Retailers
Property Taxes
| Parcel Number | 06949-0037 | Improvements Assessment | $1,647,999 CAD |
| Land Assessment | $423,193 CAD | Total Assessment | $2,071,192 CAD |
Property Taxes
Parcel Number
06949-0037
Land Assessment
$423,193 CAD
Improvements Assessment
$1,647,999 CAD
Total Assessment
$2,071,192 CAD
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Fully Leased National Credit Retail | 2940 Cropsey Ave
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