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4408 5th Ave 1,000 - 4,200 SF of Retail Space Available in Brooklyn, NY 11220
SUBLEASE HIGHLIGHTS
- 4408 5th Avenue presents beautifully designed and built-out restaurant/bar space with a 4 AM liquor license on ground floor and lower level.
- Nestled in-line amongst other local, internet-resistant retailers, driving consumer spending in the immediate area.
- The restaurant/ cafe sublease opportunity is offered with under market rent on a busy two-way traffic corridor.
- Just a few steps from Sunset Park, a scenic community hub with playgrounds and basketball courts.
SPACE AVAILABILITY (3)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| Lower Level | 1,200 SF | Mar 2039 | $28.70 CAD/SF/YR $2.39 CAD/SF/MO $34,439 CAD/YR $2,870 CAD/MO | Modified Gross | ||
| Basement | 1,000 SF | Mar 2039 | $28.70 CAD/SF/YR $2.39 CAD/SF/MO $28,699 CAD/YR $2,392 CAD/MO | Modified Gross | ||
| 1st Floor | 2,000 SF | Mar 2039 | $28.70 CAD/SF/YR $2.39 CAD/SF/MO $57,399 CAD/YR $4,783 CAD/MO | Modified Gross |
Lower Level
The floor measurements are approximate: the Ground Floor is 2,000 square feet, the Lower Level is 1,200 square feet, and the Basement is 1,000 square feet. There is 20 feet of direct frontage. The asking rent is $7,200/month, key money upon request. Possession is immediate, and the sublease term has 14 years remaining on the lease.
- Sublease space available from current tenant
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 4,200 SF of adjacent space
Basement
The floor measurements are approximate: the Ground Floor is 2,000 square feet, the Lower Level is 1,200 square feet, and the Basement is 1,000 square feet. There is 20 feet of direct frontage. The asking rent is $7,200/month, key money upon request. Possession is immediate, and the sublease term has 14 years remaining on the lease.
- Sublease space available from current tenant
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 4,200 SF of adjacent space
1st Floor
The floor measurements are approximate: the Ground Floor is 2,000 square feet, the Lower Level is 1,200 square feet, and the Basement is 1,000 square feet. There is 20 feet of direct frontage. The asking rent is $7,200/month, key money upon request. Possession is immediate, and the sublease term has 14 years remaining on the lease.
- Sublease space available from current tenant
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 4,200 SF of adjacent space
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.
SELECT TENANTS AT 4408 5TH AVE, BROOKLYN, NY 11220
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- International Restaurant
- Restaurant
- -
- -
- Li Ziang
- -
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| International Restaurant | Restaurant | - | - |
| Li Ziang | - | 1 | - |
PROPERTY FACTS
| Total Space Available | 4,200 SF | Gross Leasable Area | 4,500 SF |
| Property Type | Retail | Year Built | 1926 |
| Property Subtype | Storefront Retail/Residential |
| Total Space Available | 4,200 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 4,500 SF |
| Year Built | 1926 |
ABOUT THE PROPERTY
4408 5th Avenue presents prime in-line retail space fully built-out for restaurant/ bar operations. Retail neighbors include Pancho’s Juice Bar, AK Laundromat, Tacos los Poblanos, Cinco de Mayo, Key Food, Juan Barbershop, La Brasa Paruana, and Red Spa Nails. There is street parking directly in front of the space, as well as heavy foot traffic and high visibility being near the intersection of 44th Street and 5th Avenue. 4408 5th Avenue is also steps from Sunset Park, an expansive public park with a playground and basketball court.
NEARBY MAJOR RETAILERS
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4408 5th Ave
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