1199 Sutter Avenue, Brooklyn, NY

Retail for Sale - $11,500,000 - 20,000 Sq. Ft. on 0.92 acres


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Agent Info

NameJoseph Hamdan

Property Info

CIMLS #1039865
Location1199 Sutter Avenue
Brooklyn NY 11208
Last UpdatedFebruary 22nd, 2019
TypeRetail
Price$11,500,000
Building20,000 Sq. Ft.
Land0.92 acres
DemographicsView data

Contact


Property Description

Coldwell Banker Reliable Commercial Division is pleased to offer a 20,000 square foot, 5 unit, NNN property, on 5 combined lots totaling 40,000 square feet with 80,000 buildable square footage (BSF) for sale. Located at 1199 Sutter Avenue, in the East New York section of Brooklyn NY. Zoned R5/C1-2. Actual Financials: $477,966 Gross Revenue / $443,558 Net Income. Tenants pay 85% of property tax. Tenants include a supermarket, beauty supply store, deli and laundromat. Property sits on the border of East New York & Cypress Hills. Easy access to public transportation. Walking distance to the A, C, 3, 4, J & Z trains and B14, Q7 & Q8 buses. Permits filed for two 50 foot buildings at 1451-1453 Sutter highlight the interest and upcoming developments in East New York.



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