1110 Pennsylvania Avenue / 98 Cozine Avenue | Brooklyn, NY 11207
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- LoopNet Team
1110 Pennsylvania Avenue / 98 Cozine Avenue
Brooklyn, NY 11207
Revenue Generating Shopping Center · Retail Property For Sale
Investment Highlights
- A single-story 25,170 gross-square-foot commercial center in the prime location of the East New York neighborhood in Brooklyn.
- A stabilized asset on a 1.27-acre lot is highly visible and accessible from Pennsylvania Ave with pylon and building signage.
- A walker’s paradise with ample sidewalks and public transportation, in addition to the visibility from over 31,258 daily vehicles on Pennsylvania Ave.
- Rare opportunity to own a cash-flowing property in Brooklyn with leases that include annual near-term rate increases and an NOI of over $1 million.
- The property offers a diverse tenant mix in the medical field in addition to national retailers such as Little Caesars and Metro by T-Mobile.
- A robust population of 309,792 and an annual consumer spending of over $2 billion within a two-mile radius of Penn Plaza.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
23,719 SF
Building Class
C
Year Built
1992
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.48
Lot Size
1.13 AC
Zoning
M1-1
Parking
80 Spaces (3.18 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Atrium
- Bus Line
- Commuter Rail
- Conferencing Facility
- Corner Lot
- Freeway Visibility
- Metro/Subway
- Security System
- Signalized Intersection
- Tenant Controlled HVAC
- Enclosed Mall
- Drive Thru
- Automatic Blinds
- Recessed Lighting
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 04412-0001 | Improvements Assessment | $6,125,686 |
| Land Assessment | $958,735 | Total Assessment | $7,084,421 |
PROPERTY TAXES
Parcel Number
04412-0001
Land Assessment
$958,735
Improvements Assessment
$6,125,686
Total Assessment
$7,084,421
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