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245 Nostrand Ave
Brooklyn, NY 11205

$1,000,000 USD

Storefront Retail Office Condo For Sale  •  2,000 SF

Property Details

  • Property Type Storefront Retail Office
  • Total Building Size 5,600 SF
  • Lot Size 0.06 AC
  • Building Class C
  • Year Built 2018
  • Cap Rate 6.50 %
  • Tenancy Multiple
  • Zoning R6A
91 Transit Score
94 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 1 Retail 2,000 SF $1,000,000 USD
  • Unit Size: 2,000 SF
  • Condo Use: Retail
  • Price: $1,000,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $500.00 USD
Description
Ground Floor Retail + Lower Level = 2,000 SF Total.  Easily a 5-cap with tenant, located on Nostrand Avenue--a high traffic street / commercial corridor in Bed Stuy.

Sale Notes
Proof-of-funds required for offer

Description 

Ground Floor Retail + Lower Level = 2,000 SF Total.  Easily a 5-cap with tenant, located on Nostrand Avenue--a high traffic street / commercial corridor in Bed Stuy.

Highlights

5+ Cap Rate
Includes Finished Lower Level
Backyard / Outdoor
HVAC
New Building

Property Flyers

Financial Summary

Cap Rate: 6.50 %
Total Expenses: $2 USD

Major Tenants

Tenant SF Occupied Lease End Date
Credit Tenant (NFP) 2,000 SF 4/30/2038

Amenities

  • Courtyard
  • Tenant Controlled HVAC
  • Storage Space
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 3 min 17 min 0.9 mi
Atlantic Terminal (Babylon Branch - Long Island Rail Road, City Terminal Zone - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 6 min - 1.9 mi
Transit/SubwayDriveWalkDistance
Bedford-Nostrand Avenues (G - New York MTA Subway (The Subway)) 1 min 2 min 0.1 mi
Myrtle-Willoughby Avenues (G - New York MTA Subway (The Subway)) 2 min 8 min 0.4 mi
Classon Avenue (G - New York MTA Subway (The Subway)) 2 min 9 min 0.5 mi
Nostrand Avenue (A,C Line) (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway)) 2 min 13 min 0.7 mi
Franklin Avenue (A,C,S Line) (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway), Franklin Avenue Shuttle - New York MTA Subway (The Subway)) 3 min 17 min 0.9 mi
AirportDriveWalkDistance
Laguardia 19 min - 9.3 mi
John F Kennedy International 24 min - 11.7 mi
Newark Liberty International 29 min - 16.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 1
Type: Surface
Included in Rent: Yes
John LeVine 718-612-7334 EXR
John LeVine 718-612-7334 EXR