Bensonhurst Commercial Building For Lease

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

Bensonhurst Commercial Building For Lease 7712—7720 New Utrecht Avenue, Brooklyn, NY 11214

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

Retail Map____________________________________________5

Floor Plans________________________________________6—8

Maps & Aerials________________________________________9

Traffic Count Report __________________________________10

Demographic Market Comparison Report_____________11 —12

Demographic Summary Report__________________________13

Daytime Employment Report____________________________14

Consumer Spending Report_____________________________15

Interior Photos____________________________________16—18

Contact Information___________________________________ 19

Confidentiality Statement______________________________ 20


Executive Summary

Executive Summary

The Property

7712-7720 New Utrecht Avenue, Brooklyn NY 11214

Property Specifications

Property Type:

Commercial

Class:

Professional Building (O7)

Building Size:

21,700 SF

Lot Size: 9,697 SF

Minimum / Maximum SF

1,600 SF up to 21,700 SF

Entire Building 21,700 SF NNN: $29.36 Per SF Per Year / $53,100 Monthly / $637,200 Annually

1st Floor 8,500 SF: $36 Per SF Per Year / $25,500 Monthly / $306,000 Annually

2nd Floor 7,200 SF: $26 Per SF Per Year / $15,600 Monthly / $187,200 Annually

Lower Level 6,000 SF: $24Per SF Per Year / $12,000 Monthly / $144,000 Annually

Year Built : 1929

Number of Stories:

2 + fully finished lower level

Zoning: C1-2 / R5

The Offering:

Coldwell Banker Reliable Commercial Division is pleased

to offer 7712-7720 New Utrecht Avenue for lease, a two

story commercial building located in the Bensonhurst

section of Brooklyn. The property features 21,700 SF,

minimum divisible 1,600 SF. Currently set up as

professional / medical offices, with zoning to accommodate

a variety of retail and professional uses. For additional

information please contact Exclusive Broker Coldwell

Banker Reliable Commercial Division.

Investment Highlights:

Entire building 21,700 SF NNN: $29.36 Per SF Per Year / $53,100 Monthly / $637,200 Annually

8,500 SF 1st Floor: $28 Per SF Per Year / $19,833 Monthly / $238,000 Annually

7,200 SF 2nd Floor: $26 Per SF Per Year / $15,600 Monthly / $187,200 Annually

6,000 SF fully finished Lower Level: $24 Per SF Per Year / $12,000 Monthly / $144,000 Annually

Renovated in 2005, equipped with elevator, central A/C and handicap accessibility.

Currently set up as professional / medical offices, with zoning to accommodate a variety of commercial and residential uses. Four gas meters & five electric meters accommodating single or multi tenancy.

Location Highlights:

Corner location on New Utrecht Ave, a prime retail corridor.

Walking distance to public transportation. Steps away from the D train. Property positioned between three subway entry / exit ways.

Near New Utrecht High School.

Average daily traffic count approximately 8,125. Population of approximately 897,368 within 3 miles.


Property Overview

Property Address

7712-7720 New Utrecht Avenue, Brooklyn, NY 11214

Property Details

Coldwell Banker Reliable Commercial Division is pleased to offer 7712-7720 New Utrecht Avenue for lease, a two story commercial building located in the Bensonhurst section of Brooklyn. The property features 21,700 SF on a 9,697 SF lot, zoned C1-2 / R5. Currently set up as professional / medical offices, with zoning to accommodate a variety of retail and professional uses. Walking distance to public transportation, steps away from the D train and positioned between three subway entry / exit ways. For additional information please contact Exclusive Broker Coldwell Banker Reliable Commercial Division.

For Lease Price

Entire building 21,700 SF NNN: $29.36 Per SF Per Year / $53,100 Monthly / $637,200 Annually

8,500 SF 1st Floor: $28 Per SF Per Year / $19,833 Monthly / $238,000 Annually

7,200 SF 2nd Floor: $26 Per SF Per Year / $15,600 Monthly / $187,200 Annually

6,000 SF fully finished Lower Level: $24 Per SF Per Year / $12,000 Monthly / $144,000 Annually

Property Specifications

Property Type: Commercial

Building Class: Professional Building (O7)

Building Size: 21,700 SF

Buildings on Lot 1

Stories 2 + fully finished lower level

Zoning C1-2 / R5

Property Features

Semi Detached Corner Location

Amenities Elevator / Central A/C / Handicap Accessibility

Location Information

Cross Street: 78th Street

Metro Market: Brooklyn

Submarket: Bensonhurst

County: Brooklyn

Tenancy Information

Tenancy: Suitable for Single NNN Tenant or Multiple Tenants


Retail Map


Floor Plans (1st Floor)


Floor Plans (2nd Floor)


Floor Plans (Lower Level)


Maps & Aerials

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


Interior Photos

1st Floor


Interior Photos

2nd Floor


Interior Photos

Lower Level


Contact Information

Contact Info For more information, please contact: Richard DiPietro, Licensed R.E. Salesperson 7428 5th Ave. Brooklyn, NY, 11209 Phone: 1-347-809-5192 Fax: 1-347-809-5192 Mobile: 1-347-693-2995 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.

Bensonhurst Commercial Building For Lease

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Transcript of Bensonhurst Commercial Building For Lease