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$ 2,200,000
Est. payment | /mo
2,090 SqFt
$ 2,200,000
Est. payment | /mo
2,090 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,090 sqft
Price per Sqft $1,052
MLS Listing ID 505750
Year Built 1931
Annual Tax Amount $20,453
Property Sub-Type Commercial
Property Description
GREAT INVESTMENT OPPORTUNITY... Single-tenant, net-leased retail investment on the 86th Street corridor in Bath Beach. This 2,090 SF, two-story mixed-use building is 100% occupied by an established grocery/deli operator, who uses both floors. Long-term lease runs through December 31, 2034, with contractual annual rent increases built in. The tenant pays 100% of real estate taxes, plus all utilities, HVAC, and interior maintenance, and the lease carries a personal guaranty. There is no residential management and no vacancy risk, just one tenant and one lease. The building is in a dense, transit-served neighborhood with steady foot traffic and little comparable inventory. It's a clean, hands-off hold for 1031 buyers and passive investors. Showings by appointment only, and please do not disturb the tenant.
Location
State NY
County Kings (brooklyn)
Area Bath Beach
Zoning K2
Rooms
Basement Cellar
Interior
Interior Features Restrooms - Staff
Heating Gas
Equipment HVAC and Ductless units
Heat Source Gas
Exterior
Roof Type Flat
Present Use Retail
Building
Story 2
Foundation Block
Others
Energy Description Gas
Financing None
Listed by Polizzotto Realty
NEARBY SCHOOL & BUSINESS
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