8601 21, Brooklyn

$9,700,000

0 Beds
0 Baths
8,667 Sqft
0 Acres
0 Garages

Price: $10.2 Million

Cap Rate: 3.8%

Lot:4834 sq ft corner

Building : 8,667 sq ft

Lease Type : NNN

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Investment Highlights:

Roof and Structure Landlord responsible

Lease term 15yrs

Rent Commencement 2012

Increases 10% every 5 yrs

Options after original 15 yr term+ 4 -5 yr options



Rent Schedule:

Years 1-5 $355,000 ($29,583.33 per month)

Years 6-10 $390,500 ($32,541.66 per month)

Years 10-15 $429,550 ($35,795.83 per month)

Years 16-20 $475,505.00 ($39,375.41 per month)

Years 21-25 $519,755.50 ($43,312.95 per month)

Years 26-30 $571,731.05 ($47,644.25 per month)

Years 31-35 $628,904.16 ($52,408.68 per month)

2019 Total Population Within 1 Mile of Subject Property: 125,592
2019 Total Population Within 3 Miles of Subject Property: 864,420
Total Households Within 1 Mile of Subject Property: 44,099
Total Households Within 3 Miles of Subject Property: 305,498
Median Household Income Within 1 Mile of Subject Property: $56,996
Median Household Income Within 3 Miles of Subject Property: $53,892

Essential Information
MLS® #432112
Price$9,700,000
Bathrooms0.00
Square Footage8,667
Year Built1928
TypeCommercial
Sub-TypeOffice
StatusActive
Community Information
Address8601 21
AreaBath Beach
CityBrooklyn
CountyKings (Brooklyn)
StateNew York
Zip Code11214
Utilities

Electric, Gas, Water, Other, Sewer

Interior
InteriorCeramic, Granite, Stone
HeatingHot Air
Has BasementYes
BasementFinished, Full
# of Stories2
Interior Features

Employee Lounge, Employee Lunchroom, Restrooms - Public, Restrooms - Staff

Exterior
ExteriorStone
Exterior FeaturesDoors - 16-20 ft
RoofFlat
ConstructionBlock, Brick, Steel
FoundationPoured Concrete
Additional Information
Date ListedJuly 30th, 2019
Days on Market105
ZoningC4-2
Property History
Price Reduced from $10,200,000 to $9,700,000
LISTING MAP

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Listing courtesy of Robert Defalco Realty Inc

© 2019 Brooklyn New York MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Casandra Properties Inc. Data last updated: November 15th, 2019 at 3:45am EST

Listing courtesy of Robert Defalco Realty Inc

© 2019 Brooklyn New York MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Casandra Properties Inc. Data last updated: November 15th, 2019 at 3:51am EST

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