56-06 COOPER AVENUE

For Sale - Brooklyn - Bushwick

$15,250,000

Net Operating Income: Contact Agent

Ic expand

Key Details

Property Type
Industrial
Neighborhood
Bushwick
Property Dimensions
356.0 x 100.0
Property Area
35,600 sq.ft.
Total Units:
5
Stories:
2
NOI
Contact Agent
Price
$15,250,000
Price Per Unit
$3,050,000
Cap Rate
-%

Listing Description

Avison Young, as exclusive agent, is pleased to offer for sale 56-06 Cooper Avenue (the “Property”) in the Glendale neighborhood of Queens. The Property is a 35,800 square foot industrial building with 356 feet of frontage along Cooper Avenue. The property is fully NNN leased to five (5) tenants. The current income is over $716K per year with annual lease escalations of 3%, on average. The Property’s lot is 62,895 square feet and offers 125,790 total ZFA for commercial development and 377,370 total ZFA for community facility development, asof-right. The subject site is walking distance to multiple L Train stops.

56-06 Cooper Avenue presents investors with the opportunity to acquire a cash-flowing industrial asset in a popular submarket. The leases contain reasonable rent escalations, allowing a potential investor to increase cash flow while pursuing plans to maximize the Property’s full development potential.

Property Details

Block/Lot:
3725/30
Lot Dimensions
356.0 x 350.0
Lot Area
62,872 sq.ft
Zoning:
M1-4
FAR as Built:
0.57
Max FAR:
6.5
Sam SchertzAvison Young
Contact Agent View Setup

Sales & Transactions

AddressSale PriceSale DateProperty Type
1122-1126 LAFAYETTE AVE$3,050,00005/29/2018Industrial
58 PALMETTO STREET$3,750,00004/24/2018Industrial
1173-1179 MYRTLE AVENUE$800,00003/27/2018Industrial
61 TROUTMAN STREET$1,270,00012/21/2016Industrial
499 EVERGREEN AVENUE$2,500,00011/22/2016Industrial
333-359 MOFFAT STREET$3,700,00008/31/2016Industrial
75 STARR STREET$3,100,00008/03/2016Industrial
1654 BUSHWICK AVENUE$4,510,00008/02/2016Industrial
982 MADISON STREET$2,500,00007/13/2016Industrial
127 TROUTMAN STREET$1,350,00007/07/2016Industrial