The Nostrand Avenue Shopping Center

Sheepshead Bay, Brooklyn, New York 11235

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Listing ID Number

25432

Property Description

Cushman & Wakefield is pleased to announce that it has been retained on an exclusive basis to arrange for the sale of The Nostrand Avenue Shopping Center, a single-story (plus full basement), 81,000 square foot grocery-anchored shopping center, located at 3779-3861 Nostrand Avenue in the Sheepshead Bay section of Brooklyn, NY.

The property is currently 93% occupied and comprised of 13 retail units, including Aldi Food Market, Blink Fitness, Rite Aid, Party City and Petland Discounts, with on-site parking for ~200 cars.

The property encompasses an entire city block, situated on the east side of Nostrand Avenue between Avenue Y and Avenue Z, and features 700’ of frontage along one of Sheepshead Bay’s most highly trafficked, major shopping corridors. It is located just two blocks north of Shore/Belt Parkway and three blocks from the Emmons Avenue waterfront.

For the complete offering memorandum, please fill out and return the appropriate confidentiality agreement.

Overview

Building Type:Commercial Buildings
Location:East side of Nostrand Avenue between Avenue Y and Avenue Z
Block/Lot:7446/1
Lot Dimensions:700 x 190
approx.
Lot Sq Ft:133,000
approx.
Stories:1
plus full basement
Units:13
Building Sq Ft:80,991
approx.

Contact

For further information or inspection, please contact Exclusive Agents:

Thomas A. Donovan
Vice Chairman
(718) 512 2626
tom.donovan@cushwake.com

Tommy C. Lin
Director
(718) 512 2609
tommy.lin@cushwake.com

Eugene Kim
Director
(718) 512 2618
eugene.kim@cushwake.com

Robert Rappa
Associate Director
(718) 512 2601
robert.rappa@cushwake.com


Property Images

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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.