125,000 SF OFFICE / RETAIL CLASS A

3 BUILDINGS PORTFOLIO

1090, 1100, 1122 CONEY ISLAND AVENUE, BROOKLYN NY 11230

CITY EXPRESS REALTY

EXCLUSIVE

OFFERING

INVESTMENT HIGHLIGHTSAlong with the movement from Manhattan to Brooklyn in the housing market, Manhattan

office tenants are similarly migrating to Brooklyn, the most populous borough in NYC.

The Downtown Brooklyn and Dumbo office markets continue to flourish, while new

contenders of Williamsburg, East New York, and Flatbush are emerging. In a similar

fashion, with a dearth of office product available for sale, both local and foreign investors

are looking at the entire borough of Brooklyn as a viable investment alternative to

Manhattan.

In addition, Albany has extended 2017 legislation to spur job creation and energy savings.

The City of New York has also created a program to relocate city agencies in areas where

there is a demand for more office space.

Immediate Income and Upside Potential - At a Rational Cap Rate

This portfolio of 3 Class A buildings located at 1090, 1100, 1120-1130 Coney Island

Avenue, 125,000 SF is not only is a unique offering in central Brooklyn, as a fully leased

meticulously maintained office property, with both retail and underground parking garage,

but with ongoing tenant rollover, new ownership will have the opportunity to bring the

property up to market rents, in an area lacking in true office product

Address: 1090, 1100-02, 1120-22 Coney

Island Ave, Brooklyn NY 11230Location: Board line of Kensington and Midwood

areas of Central Brooklyn

Block: 6498

Lot(s): 24, 30, 32

Lot Size: 90x90 163x90 190x100

Lot Size SF: 8,100, 16,200, 19,027

Total Lot Size SF: 43,327

Zoning: C8-2/OP

Building Size: 90x90, 179x90, 190x100

Net SF: 24,160, 42,500, 40,000

Total SF as built: 124,319 (Gross)

FAR: 4.8

Total Buildable Sq. Ft.: 207,970

Total Facility Air rights Available SF: 83,651(Has

to be Verified by Architect)

This meticulously maintained investment property consists of 3 contiguous Class A Office - Retail buildings portfolio

built in 1993, totaling 106.660 SF Net (almost 125,000 SF Gross) combine with below grade garage for 65 cars, 4

Passenger and 1 Freight elevators.

Portfolio address is 1090-1100-1122 Coney Island Avenue, Brooklyn NY 11230.

The building stands on a huge 43,327 SF lot, with 460 linear feet of frontage on Coney Island Avenue - the major

commercial artery of central Brooklyn, on the board line of booming Kensington and Midwood areas.

Zoning C8-2/OP.

The property comes with a substantial rental upside potential and over 83,000 SF additional community facility air

rights (has to be verified by the architect).

100% occupancy.

NOI is over $2,500,000.

SELLER WILL ENTERTAIN SERIOUS OFFERS.

Please contact for the details.

Exclusive Broker Andrey Yanoff

(718)615-0200

ayanoff@cityexpressrealty.com

Summary