5502 5th Avenue, Brooklyn, NY

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: [email protected]

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: [email protected]

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


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


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


Maps & Aerials

Property Overview


Retail Map

Property Overview


Market Overview

Traffic Count Report


Demographic Market Comparison Report

Market Overview


Market Overview

Demographic Market Comparison Report (Continued)


Demographic Summary Report

Market Overview


Market Overview

Daytime Employment Report


Market Overview

Consumer Spending Report


Market Overview

Consumer Spending Report (Continued)


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: [email protected] Coldwell Banker Reliable Commercial Division 7428 5th Ave Brooklyn, NY , 11209 Phone: 718-921-3100 Fax: 718-921-3110 Website: 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.

5502 5th Avenue, Brooklyn, NY

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