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5902 14th Ave 24,500 SF 100% Leased Retail Building Brooklyn, NY 11219 $12,511,040 CAD ($510.65 CAD/SF) 7.60% Cap Rate
Investment Highlights
- 25,000 SF Corner Property For Sale in Prime Borough Park
- Ground Floor And Basement Currently Used As A Catering Hall With A Full Kitchen
- Corner Property Fully Renovated And Rented With Vacancy Clauses, Offering A Strong Cap Rate
Executive Summary
Located in the Borough Park neighborhood of Brooklyn between 59th Ave & 60th Ave near the 62nd St subway station.
Nearest Transit: D train at 62nd St and the N train at New Utrecht Ave. The B9 & B16 bus lines.
Nearby tenants include Spinka Hall, Bleu Manor, Renaissance Ballroom, Park Plumbing & Heating Supply, Better Health Studios, Brooklyn Granite, Win Xin, Savarese Italian Pastry Shoppe, New Pioneer Mechanical Corp, Macaronikids, and more!
Lot Dimensions: 80 x 100
Building Dimensions: 80 x 100
Building Size: 23,550 SF
Total Commercial Units: 5
Occupancy: 100%
Tenancy: Multiple
Current CAP: 7.2%
Building Class: A
Basement: 7,000 SF
Floor 1: 7,000 SF
Floor 2: 7,000 SF
Floor 3: 3,500 SF
Nearest Transit: D train at 62nd St and the N train at New Utrecht Ave. The B9 & B16 bus lines.
Nearby tenants include Spinka Hall, Bleu Manor, Renaissance Ballroom, Park Plumbing & Heating Supply, Better Health Studios, Brooklyn Granite, Win Xin, Savarese Italian Pastry Shoppe, New Pioneer Mechanical Corp, Macaronikids, and more!
Lot Dimensions: 80 x 100
Building Dimensions: 80 x 100
Building Size: 23,550 SF
Total Commercial Units: 5
Occupancy: 100%
Tenancy: Multiple
Current CAP: 7.2%
Building Class: A
Basement: 7,000 SF
Floor 1: 7,000 SF
Floor 2: 7,000 SF
Floor 3: 3,500 SF
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
24,500 SF
Building Class
B
Year Built
1931
Price
$12,511,040 CAD
Price Per SF
$510.65 CAD
Cap Rate
7.60%
NOI
$950,215 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
3.08
Lot Size
0.18 AC
Zoning
M1-1 - Light industrial with offices, hotels, and most retail uses permitted
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05712-0072 | Improvements Assessment | $987,440 CAD |
| Land Assessment | $447,025 CAD | Total Assessment | $1,434,465 CAD |
Property Taxes
Parcel Number
05712-0072
Land Assessment
$447,025 CAD
Improvements Assessment
$987,440 CAD
Total Assessment
$1,434,465 CAD
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5902 14th Ave
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