$7,000,000

40-48 Lombardy Street

Brooklyn NY, 11222

Description

Kalmon Dolgin Affiliates has been retained on an Exclusive basis to arrange the sale of 40-48 Lombardy Street, an attractive RETAIL OPPORTUNITY in the heart of Greenpoint, Brooklyn. 40-48 Lombardy Street is an assemblage of two (2) retail stores with an aggregate of 10,000 square feet. The building is built full. The retail is leased to two (2) separate tenants, one whose lease is up in 10 months and the other who has 6 years remaining on his lease. Both leases are set to expire within one to six years with only one unit having a 5 year option The property is zoned M1-1 with an FAR of 1.0. The tenant who has 6 years left on his lease will receive a 3% increase in January. The building is located on a heavily traffic street opposite the Staples/Auto Zone shopping center and has high viability to the BQE as well as Meeker Avenue on a partially residential block. There are multiple transportation options within walking distance. The building has drive-in loading and street parking. 40-48 Lombardy Street offers an unmatched opportunity to own a substantial retail asset in Greenpoint Brooklyn.

Details

MLS#10599272
StyleIndustrial
Sub-TypeResale
StatusActive
Year0
Days On Site195

Features

SQ Feet10,000
Story(s)0

Loading Form

Loading Form

Area Information

StateNY
CityBrooklyn
Zip Code11222
Listing VS Median (in 11222)
Price:
$7,000,000
low | high
Med:
$310,750
100% of Average
SqFt:
10,000
low | high
Med:
6,600
84% of Average
$ / SqFt:
$700
low | high
Med:
$3
100% of Average
On Site:
195
low | high
Med:
203
96.059113300493% of Average
Listing Updated: 11/12/2019
MLS Number: 10599272
Listing Provided By:
Neil Dolgin  of  KALMON DOLGIN AFFILIATES INC