Post on 07-Apr-2016
description
Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks licensed to Coldwell Banker Commercial Affiliates. Each Office is Independently Owned and Operated.
Coldwell Banker Reliable Commercial Division
Richard DiPietro Licensed R.E. Salesperson Office: 718-921-3100 x107 Mobile: 347-693-2995 Email: richard.dipietro@coldwellbanker.com
Prepared by:
7428 Fifth Avenue, Brooklyn, NY 11209 Phone: (718)921-3100 Web: www.cbrcd.com
Sunset Park Corner Building for Lease 5502 5th Avenue, Brooklyn, NY 11220
Eddie Artica Licensed R.E. Salesperson Office: 718-921-3100 Mobile: 347-383-7285 Email: eduardo.artica@coldwellbanker.com
Coldwell Banker Reliable Commercial Division 7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbrcd.com
Table of Contents
Executive Summary____________________________________3
Property Details_______________________________________4
Maps & Aerials_____________________________________5—6
Traffic Count Report ___________________________________7
Demographic Market Comparison Report_______________8—9
Demographic Summary Report__________________________10
Daytime Employment Report____________________________11
Consumer Spending Report_________________________12 —13
Contact Information___________________________________ 14
Confidentiality Statement______________________________ 15
Coldwell Banker Reliable Commercial Division 7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbrcd.com
Executive Summary
Executive Summary
The Property
5502 5th Avenue, Brooklyn, NY 11220
Property Specifications
Property Type: Retail
Class: Miscellaneous Store Building (K9)
Building Size: 5,885 SF
Dimensions: 25.17 ft x 80 ft
Year Built / Altered 1931 / 1964
Number of Stories: 3
For Sale Price
For lease Price: $19,375 Monthly
Per SF Price: $39.50 Per SF Per Year
The Offering: Coldwell Banker Reliable
Commercial Division is pleased to
offer approximately 5,885 SF for
lease at 5502 5th Avenue. Located
in the Sunset Park neighborhood of
Brooklyn. Sunset Park is
experiencing rapid growth along
with a influx of national retailers.
This section of Fifth Avenue is a
prime retail corridor with high traffic
counts and easy access to public
transportation.
Investment Highlights:
5,885 SF / $39.50 Per SF Per Year / $19,375 Monthly
3 Stories / Approximately 1,962 SF per floor
NNN Lease / Annual Taxes Approximately $28,599
Location Highlights: 25 ft of frontage on 5th
Avenue
Walking distance to the N & R trains and the B63 Bus
Densely populated with a high concentration of national retailers
Daily traffic count above 10,000
Coldwell Banker Reliable Commercial Division 7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbrcd.com
Property Overview
Property Address
5502 5th Avenue, Brooklyn, NY 11220
Property Details
5,885 SF for NNN lease at 5502 5th Avenue. Located in the Sunset
Park neighborhood of Brooklyn. Sunset Park is experiencing rapid
growth along with a influx of national retailers. This section of Fifth
Avenue is a prime retail corridor with high traffic counts and easy
access to public transportation.
For Lease Price
$19,375 Monthly / $37.50 Per SF Per Year / $232,500 Annually
Property Specifications
Property Type: Retail
Building Class: Miscellaneous Store Building (K9)
Building Size: 5,885 SF
Buildings on Lot 1
Stories 3
Zoning C4-3A
Dimensions 25.17 ft x 80 ft
Property Features
Commercial Units 1
Amenities 25 ft of frontage on Fifth Avenue
Location Information
Cross Street: 55th Street
Located: Corner
Metro Market: Brooklyn
Submarket: Sunset Park
County: Kings
Property Details
Coldwell Banker Reliable Commercial Division 7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbrcd.com
Maps & Aerials
Property Overview
Coldwell Banker Reliable Commercial Division 7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbrcd.com
Retail Map
Property Overview
Coldwell Banker Reliable Commercial Division 7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbrcd.com
Market Overview
Traffic Count Report
Coldwell Banker Reliable Commercial Division 7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbrcd.com
Demographic Market Comparison Report
Market Overview
Coldwell Banker Reliable Commercial Division 7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbrcd.com
Market Overview
Demographic Market Comparison Report (Continued)
Coldwell Banker Reliable Commercial Division 7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbrcd.com
Demographic Summary Report
Market Overview
Coldwell Banker Reliable Commercial Division 7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbrcd.com
Market Overview
Daytime Employment Report
Coldwell Banker Reliable Commercial Division 7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbrcd.com
Market Overview
Consumer Spending Report
Coldwell Banker Reliable Commercial Division 7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbrcd.com
Market Overview
Consumer Spending Report (Continued)
Coldwell Banker Reliable Commercial Division 7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbrcd.com
Contact Information
Contact Info For more information, please contact: Richard DiPietro, Licensed R.E. Salesperson 7428 5th Ave. Brooklyn, NY, 11209 Phone: 718-921-3100 x107 Fax: 347-809-5192 Mobile: 347-693-2995 Email: richard.dipietro@coldwellbanker.com Coldwell Banker Reliable Commercial Division 7428 5th Ave Brooklyn, NY , 11209 Phone: 718-921-3100 Fax: 718-921-3110 Website: cbrcd.com
Coldwell Banker Reliable Commercial Division 7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbrcd.com
Confidentiality Statement
Confidentiality Statement This offering has been prepared solely for informational purposes. It is designed to assist a potential investor in determining whether it wishes to proceed with an in-depth investigation of the subject property. While the information contained herein is from sources deemed reliable, it has not been independently verified by the Coldwell Banker Commercial affiliate or by the lessor. The projections and pro forma budget contained herein represent best estimates on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that actual results will conform to such projections. This document is provided subject to errors, omissions and changes in the information and is subject to modification or withdrawal. The contents herein are confidential and are not to be reproduced without the express written consent. Interested lessees should be aware that the lessor is selling the Property “AS IS” CONDITION WITH ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. Prior to and/or after contracting to purchase, as appropriate, lessee will be given a reasonable opportunity to inspect and investigate the Property and all improvements thereon, either independently or through agents of the lessee’s choosing. The lessor reserves the right to withdraw the Property being marketed at any time without notice, to reject all offers, and to accept any offer without regard to the relative price and terms of any other offer. Any offer to buy must be: (i) presented in the form of a non-binding letter of intent; (ii) incorporated in a formal written contract of purchase and sale to be prepared by the lessor and executed by both parties; and (iii) approved by Lessor and such other parties who may have an interest in the Property. Neither the prospective lessee nor lessor shall be bound until execution of the contract of purchase and sale, which contract shall supersede prior discussions and writings and shall constitute the sole agreement of the parties. Prospective lessee shall be responsible for their costs and expenses of investigating the Property and all other expenses, professional or otherwise, incurred by them.