1702 Avenue U - Brooklyn, NY

Asset Type

Retail

Address
1702 Avenue U Brooklyn, NY United States 11229-3812
Asking Price

Contact for pricing

Sq Footage

6,400

Year Built

1950

Cap Rate

N/A

Additional Attributes

Property Description

A 6,400 square foot commercial property for sale, currently occupied by a bank branch and located at 1702 Avenue U in Brooklyn, New York. Located on the southeast corner of Avenue U and East 17th Street, the Property sits within a densely-populated residential Brooklyn community approximately eight miles south of Manhattan. The Avenue U MTA Station is one block west of the property, and with more than 132,000 residents within a one-mile radius, it possesses long-term intrinsic value. This opportunity offers investors a value-add, repositioning opportunity within a densely-populated Brooklyn market with strong real estate fundamentals.

Investment Highlights

  • Brooklyn market with strong demographics
  • Advantageous zoning with value-add repositioning potential 
Listing Contacts
Peter Furest
Peter Furest
SVP, Capital Markets
+65 3159 4021
NY - 10401232530
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