FOR FURTHER INFORMATION, PLEASE CONTACT EXCLUSIVE BROKER: Kevin T. Clark Founder & President (917) 449-9333 [email protected]No warranty or representation, express or implied, is made to the accu completeness of the information contained herein, and same is submitt subject to errors, omissions, change of price, rental or other conditions withdrawal without notice, and to any special listing conditions imposed the property owner(s). As applicable, we make no representation as to condition of the property (or properties) in question. 336 CHAUNCEY STREET STUYVESANT HEIGHTS, BROOKLYN 12 Unit Multifamily ! Free Market ! Condo Quality
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FOR FURTHER INFORMATION, PLEASE CONTACT EXCLUSIVE BROKER:
No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
336 CHAUNCEY STREETSTUYVESANT HEIGHTS, BROOKLYN12 Unit Multifamily ! Free Market ! Condo Quality
MEDICAL OFFICE BUILDING FOR SALE
ASKING PRICE: $75,000,000
Realty Advisors Group has been retained to sell 815 Broadway and 317 Ellery Street in Bushwick, Brooklyn. The two adjacent properties are improved by a 52,359sf, medical building which is NNN leased to NYC Health and Hospitals Corporation until 2051 and will be a Primary Care Facility . The AA rated tenant is the largest public healthcare system in the United States, serving more than 1.4 million patients. In 2018, the owner spent $10 Million on a basement-to-roof and facade renovation and the tenant has budget approvals for an additional $40 Million over the next 2 years to fit-out the building as an Article 28 primary care health facility. The fit-out process has commenced and the clinic is set to open in 2021.
FOR FURTHER INFORMATION, PLEASE CONTACT EXCLUSIVE BROKER:
No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
PROPERTY INFORMATION
Opportunity Highlights:
• 100% Free Market Building with Destabilization Paperwork
• 12 Units, Condo Quality Finishes
• Great Unit Mix with 1BRs, 2BRs, 3BRs and 4BRs.
• Neighborhood proximity to JZ/AC Subway lines have driven rental prices and real estate development.
336 CHAUNCEY STREET STUYVESANT HEIGHTS, BROOKLYN For Sale ! Gut Renovated ! 6,474SF + Duplex Basement/Mezzanine
Asking Price: $4,550,0005.81% Cap Rate
FOR FURTHER INFORMATION, PLEASE CONTACT EXCLUSIVE BROKER:
No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Lease Highlights:• 31+ yr. NNN Lease (no termination rights)• Rent Commences 10/1/20• Seller will escrow free rent to 10/1/20• Seller will escrow Landlord Letter (TI) provisions.• 10% increase every 5 years (start date 2/1/19)• Landlord responsible for roof, façade and water resistant
basement. (All new as of 2018.)
336 CHAUNCEY STREETSTUYVESANT HEIGHTS, BROOKLYN For Sale ! Gut Renovated ! 6,474SF + Duplex Basement/Mezzanine
FOR FURTHER INFORMATION, PLEASE CONTACT EXCLUSIVE BROKER:
No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Neighborhood Description:The Subject Property is located in Stuyvesant Heights, Brooklyn. This rapidly gentrifying area, served by the JZ and AC Subway lines, not far from the Broadway Junction L stop.
336 CHAUNCEY STREETSTUYVESANT HEIGHTS, BROOKLYN For Sale ! Gut Renovated ! 6,474SF + Duplex Basement/Mezzanine
Subway Map Bus Map
FOR FURTHER INFORMATION, PLEASE CONTACT EXCLUSIVE BROKER:
No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
336 CHAUNCEY STREETSTUYVESANT HEIGHTS, BROOKLYN For Sale ! Gut Renovated ! 6,474SF + Duplex Basement/Mezzanine
Building Photos
FOR FURTHER INFORMATION, PLEASE CONTACT EXCLUSIVE BROKER:
No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
336 CHAUNCEY STREETSTUYVESANT HEIGHTS, BROOKLYN For Sale ! Gut Renovated ! 6,474SF + Duplex Basement/Mezzanine
Building Plans – 1st & 2nd Floors
FOR FURTHER INFORMATION, PLEASE CONTACT EXCLUSIVE BROKER:
No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
336 CHAUNCEY STREETSTUYVESANT HEIGHTS, BROOKLYN For Sale ! Gut Renovated ! 6,474SF + Duplex Basement/Mezzanine
