INVESTMENT OPPORTUNITY
420 Park Avenue and 832 Kent Avenue are two contiguous properties, located on the corner of Park and Kent Avenues. Combined, the lots are 12,000 SF and measure 100ft x 120ft. (Block: 1897 Lot: 29,31). Currently, each property is leased out to a single tenant with a total gross annual income of $177,022.
The properties are located in a rapidly developing section of Bedford-Stuyvesant where there are many residential and commercial properties in construction. Investors and developers have the opportunity to purchase a primely-located property in a neighborhood where industrial, office, and residential rents continue to rise.
- Call for Offers or Ground Lease Proposals
- Total of 12,000 SF of Commercially-Zoned Land
- Prime Corner Development Opportunity in Bedford Stuyvesant
- 100 ft of Frontage Along Park Avenue
- Steps from the Myrtle Avenue Retail Corridor
- Short Distance from the Brooklyn Navy Yard
- 6 Blocks from the Classon Avenue “G” Subway Station
Contact Jake Torre or Jason Grunberg for OM
| Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
|---|---|---|---|---|---|
| 420 Park Avenue & 832 Kent Avenue | $ | % | N/A | 12,000 | Available |
