EXCLUSIVE PROPERTIES FOR SALE

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This offering presents a 10,000 SF corner retail asset located along Avenue U in Marine Park, directly across from King’s Plaza. The property combines in-place income with a clearly defined value-add opportunity through the lease-up of a large vacant corner unit. With strong traffic, limited competing supply, and durable neighborhood retail fundamentals, the asset is well positioned for stable cash flow and near-term upside.

• 10,000 SF one-story corner retail property with four storefronts
• Prime exposure along Avenue U, directly across from King’s Plaza
• Two occupied units providing immediate in-place income
• One contiguous 5,000 SF vacant corner space, previously leased as a single tenant
• Underwritten corner rent of approximately $14,000 per month
• In-place NOI of approximately $55,844
• Projected stabilized NOI of approximately $225,933 upon lease-up
• Located within a high-traffic, neighborhood-serving retail corridor with limited supply

$ 3,400,000

ASKING PRICE 

• Mixed-Use Building
• Three (3) Stories
• Gross Building Area: 5,957 SF
• Lot Size: 2,500 SF (25 ft × 100 ft)
• 25 ft Frontage on Pitkin Avenue
• Prime Brownsville Retail Corridor
• Ground Floor Retail Also Available for Lease
• Surrounded by High Foot Traffic & National Retailers
• Excellent Transit Access (MTA Bus Stop Directly in Front)
  
   

SALE PRICE
$1,999,000

LEASE PRICE (Ground Floor Retail)
$9,000 / Month