L 9313-9315-9317 AveBrooklyn, NY 11236

For Sale
$2,800,000

Three-Store Value-Add Opportunity in NYC

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional value-add investment opportunity presents a three-story, multi-tenant retail storefront and shopping center located at 9313-9317 Avenue L, Brooklyn, NY 11236. The property boasts a total of 5,500 square feet situated on a 0.13-acre lot. Currently, the occupancy rate stands at 70%, offering immediate cash flow and significant upside potential. The existing tenants include a double-store office, a barbershop, and a nail salon, providing a diverse tenant mix. The property is offered at an asking price of $2,800,000, and is classified as a Net Net (NN) lease. The building's dimensions are approximately 55 feet by 100 feet. With a triple-net lease structure and zero years remaining on the current lease terms, this property presents a unique chance to reposition and increase rental income. The property's location in Brooklyn, Kings County, within the 11236 zip code, offers excellent visibility and access to a thriving commercial district. This is a rare chance to acquire a well-positioned retail property in a high-demand area with substantial potential for future growth and increased profitability. The property's current configuration and tenant mix provide a solid foundation for a savvy investor seeking a value-add opportunity in the New York City market.

Highlights

  • $2,800,000 asking price for a value-add retail investment opportunity.
  • 5,500 square foot, multi-tenant storefront/shopping center with 70% occupancy.
  • Located at 9313-9317 Ave L, Brooklyn, NY 11236, on a 0.13-acre lot.
  • Three-story building with a triple net (NNN) lease.
  • Current tenants include a double-store office, barbershop, and nail salon.

Property Details for L 9313-9315-9317 Ave

Property type
Lifestyle centers, Power centers
Square Feet
5,500 SF
Stories
3
Lot Size (sq. ft)
5,663 SF

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.6370612
Longitude
-73.8980344
L 9313-9315-9317 Ave, Brooklyn, New York

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L 9313-9315-9317 Ave
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