4501 Glenwood RdBrooklyn, NY 11203

Property Details for 4501 Glenwood Rd

Year built

1931

Property size (Sq ft)

6,617 SF

Property type

Industrial properties

Property subtype

Flex space

Description

This exceptional investment opportunity presents a 6,617-square-foot flex space located at 4501 Glenwood Road in Brooklyn, New York, 11203. The property, built in 1931 and extensively renovated in 2021, boasts a 14-foot ceiling height and sits on a 6,617-square-foot lot. Currently operating as a 100% occupied, single-tenant event/catering hall under a net lease, this property offers a secure investment with a remaining lease term exceeding six years. The lease includes attractive 3% annual rent bumps, ensuring consistent income growth. The asking price is $1,650,000, translating to a compelling $249.36 per square foot and a 6.35% capitalization rate based on a net operating income (NOI) of $104,775. The property is zoned M1-1 and benefits from its convenient corner location with ample street parking. This single-story building presents a rare opportunity to acquire a well-maintained, high-performing asset in a desirable Brooklyn location. The property's strong tenancy, favorable lease terms, and excellent location make it an ideal addition to any investment portfolio. The building's accessibility and the long-term lease provide significant stability and potential for future appreciation.

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6349

Longitude

-73.9332

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