Bensonhurst, Brooklyn
Corner of New Utrecht Avenue and 85th Street
Block / Lot
6344 / 14
Gross Building Size
13,500 SF
Corner Lot Footprint
4,500 SF
Frontage
131 FT on New Utrecht Avenue
Total Frontage
222 FT wraparound
Asking Price
$7,500,000
In-Place NOI
$450,000
Pro-forma NOI
$562,500
Taxes (2022/2023)
$37,636
ICAP
Eligible tax benefits
RIPCO Investment Sales has been exclusively retained to arrange for the sale of 8501 New Utrecht Avenue in the Bensonhurst neighborhood of Brooklyn, New York.
This is a rarely-available two-story corner retail building spanning 10,350 GSF and offering over 220 feet of prime corner retail frontage with High visibility of 131 ft of frontage along New Utrecht Avenue. Right across the street from the D train stop at 18th Avenue, and in close proximity to multiple national retailers along New Utrecht Avenue.
$450,000 of in-place NOI plus additional income ($112,500) or end-user potential from 4,500 SF vacancy in the fully furnished basement.
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