~16,500 SF Retail/Office Building in Bath Beach/Bensonhurst

Overview

TerraCRG has been retained to exclusively represent ownership in the sale of the retail/office building at 8702-8712 18th Avenue in the Bath Beach neighborhood of Brooklyn. The ~16,500 SF building was originally constructed as an event space and occupies 100 ft of frontage along 18th Avenue. The offering is currently being net leased on a month-to-month basis by a religous organization for $25,000 per month. Less expenses, the property offers turnkey ~6% return at the asking price. The property is easily accessible through the D train at the 18th Avenue and 85th Street subway station. The Belt Parkway is also located a few blocks away providing additional accessibility to the property.