8622 Bay Parkway & 15 Bay 29th Street, Brooklyn, NY 11214

Bensonhurst, Brooklyn, New York 11214

$11,900,000  

Email Print

Listing ID Number

17277

Property Description

This offering is for the fee simple interest in the non-residential portions of these two buildings. The retail/office tenants and the residential condominium share virtually all costs of operating and maintaining the property. The owner of this investment will have no responsibility to the residential condo portion of the building. High quality construction completed in 2002. Four retail tenants including New York Commercial Bank. Six professional offices including Quest Diagnostics and Long Island Jewish Medical Center. Net leases – Minimal management required. 2009 Projected Cash-on-cash return is 6.7%

Overview

Building Type:Commercial Buildings
Location:Between 86th Street and Benson Avenue
Block/Lot:6380/34 & 49

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Jeffrey A. Shalom
First Vice President of Sales
(718) 307-6558
JShalom@MasseyKnakal.com


Property Images

Click the image for a high resolution version.

<     /     >

Property Map


Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.