1113 Brighton Beach Ave Brooklyn, NY 11235

This exceptional four-story commercial building, constructed in 2016, offers 23,444 square feet of space, with 22,101 square feet rentable. Located at 1113 Brighton Beach Avenue in Brooklyn, NY (zip code 11235), this property boasts a prominent corner location with high visibility and significant street frontage. The building features three ground-floor retail units and three floors of commercial office space, currently 100% occupied. Retail tenants enjoy an average rent of approximately $95 per square foot under long-term leases, ensuring a consistent income stream. The office space is leased to two tenants with an average lease term of nine years. Each floor offers nearly 5,100 rentable square feet, abundant natural light, and floor-to-ceiling windows. The property benefits from the Industrial & Commercial Abatement Program (ICAP), phasing out in 2041. Situated near the B1 bus stop and a five-minute walk from the B and Q subway station, this property enjoys excellent accessibility. The asking price is $16,000,000, representing a 6.00% cap rate and a price per square foot of $682. The Net Operating Income (NOI) is $964,984. The lot size is 6,046 square feet, and the permitted zoning is R6, C1-3. This investment opportunity presents a rare chance to acquire a fully leased, high-performing asset in a thriving Brooklyn neighborhood. The property's location near Brighton Beach, Manhattan Beach, and Coney Island Train Station further enhances its appeal. Surrounded by residential buildings and other commercial establishments, this property offers a stable and promising investment prospect.