6001 church avenue, brooklyn ny, 11203...presented by asset commercial realty group, llc a full...
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6001 Church Avenue, Brooklyn
NY, 11203
7 Tenant Retail Building
Signalized Intersection
Building Size of 9,112 SF
100% Occupied
5.5% CAP Rate
NOI: $341,354.18
ASKING PRICE:
$6,206,439.60
6001 Church Avenue
Brooklyn, NY 11203
Presented by Asset Commercial Realty Group, LLC
A Full Service Commercial Real Estate Company
Confidentiality Disclaimer
The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended
to be reviewed only by the party receiving it from Asset Commercial Realty Group, LLC (“AssetCRG”) and should
not be made available to any other person or entity without the written consent of AssetCRG. This Marketing
Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to
establish only a preliminary level of interest in the subject property. The information contained herein is not a
substitute for a thorough due diligence investigation. AssetCRG has not made any investigation, and makes no
warranty or representation, with respect to the income or expenses for the subject property, the future projected
financial performance of the property, the size and square footage of the property and improvements, the
presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal
regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of
any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information
contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however,
AssetCRG has not verified, and will not verify, any of the information contained herein, nor has AssetCRG
conducted any investigation regarding these matters and makes no warranty or representation whatsoever
regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate
measures to verify all of the information set forth herein.
6001 Church Avenue
Brooklyn, NY 11203
Presented by Asset Commercial Realty Group, LLC
A Full Service Commercial Real Estate Company
Investment HighlightsAsset Commercial Realty Group has been exclusively
retained to market 6001 Church Ave, Brooklyn NY, a fully
leased Retail Building in the East Flatbush neighborhood of
Brooklyn.
The building, constructed in 2011, spans a total of 9,828 SF
on a 13,152 SF lot. The property is situated on a triangle lot
providing huge visibility to all tenants on three major
avenues: Remsen Avenue, Church Avenue and Ralph
Avenue. The property includes 20 car parking spots in
front.
The entire building is 100% leased to 7 retail Tenants. All
tenants have built in 3% annual increases with
reimbursement for Real Estate Taxes of the Base Year of
their Lease.
The building is near a heavily trafficked street of Kings
Highway. The building is also adjacent to Brookdale
Hospital as well as Brookdale Hospital Medical Center.
The building is well positioned with great access to public
transportation. Its near many public and express buses,
and highways such. Church Avenue bustles with many
retailers with a great amount of foot and car traffic.
Collectively, the asset produces a Net Operating Income
(NOI) of $341,354.18. Ownership has set the asking price
at $6,206,439.60 which reflects a 5.5% CAP rate or
$121.62 PSF.
Site
6001 Church Avenue
Brooklyn, NY 11203
Presented by Asset Commercial Realty Group, LLC
A Full Service Commercial Real Estate Company
Financial Overview & Lease Analysis
Financial Analysis
Address6001 Church Ave, Brooklyn, NY 11203 aka.
550-560 Remsen Ave, Brooklyn, NY 11236
Section/Block/Lot 4686-1-10
Town/City Brooklyn
Cross Streets Ralph Avenue and Church Avenue
Lot Size 198.58 X 206
Lot SF 13,152
Building Size 174.70 X 181.58
Building SF 9,828 SF
Number of Stories One
Zoning Retail Business (C8-1)
Building Analysis
Annualized Expenses
Taxes $ 53,512.00
Insurance $ 4,500.00
Repairs $ 4,000.00
Management $ 3,800.00
Total Expenses $ 65,812.00
Annualized Operating Data
Scheduled Income $ 360,595.92
Tax Recapture $ 38,770.26
Recapture CAM $ 7,800.00
Gross Operating Income $ 407,166.18
Less Expenses $ 65,812.00
Net Operating Income $ 341,354.18
6001 Church Avenue
Brooklyn, NY 11203
Presented by Asset Commercial Realty Group, LLC
A Full Service Commercial Real Estate Company
Rent Roll
Tenant Name Lease Exp. Size/SF Monthly Rent Annual Rent PSF Tax Recapture
Bamba Momon & Lisa
Harper (Hair Salon)
Jun 27 1,079 $ 3,296.00 $ 39,552.00 $ 39.55
Elite Wireless Group/
Metro PCS
Nov-19 1,079 $ 3,713.15 $ 44,557.80 $ 44.56 $ 1,382.93
560 Grocery & Food,
Corp
Jun-21 1,243 $ 3,820.97 $ 45,851.64 $ 43.26 $ 9,781.99
Community Pawn Brokers Jun-18 1,143 $ 4,537.58 $ 54,450.96 $ 51.37 $ 7,641.51
Andrew Nail Spa Jul-21 1,068 $ 3,825.60 $ 45,907.20 $ 46.37 $ 3,366.56
EA Chiropractic
Diagnostics
Mar-20 2,587 $ 6,556.36 $ 78,676.32 $ 32.80 $ 14,073.66
Joes Music Center &
Performing Arts
July-18 1,729 $ 4,300.00 $ 51,600.00 $ 32.19 $ 2,523.60
Total 9,828 $ 30,049.66 $ 360,595.92 $ 39.57 $ 38,770.26
6001 Church Avenue
Brooklyn, NY 11203
Presented by Asset Commercial Realty Group, LLC
A Full Service Commercial Real Estate Company
Map
6001 Church Avenue
Brooklyn, NY 11203
Presented by Asset Commercial Realty Group, LLC
A Full Service Commercial Real Estate Company
Pictures
6001 Church Avenue
Brooklyn, NY 11203
Presented by Asset Commercial Realty Group, LLC
A Full Service Commercial Real Estate Company
Exterior
6001 Church Avenue
Brooklyn, NY 11203
Presented by Asset Commercial Realty Group, LLC
A Full Service Commercial Real Estate Company
Aerial
PLEASE CONTACT EXCLUSIVE ADVISOR:
Albert AranbaevManaging Principal
[email protected]: (212) 918-9037Mobile: (718) 551-7746
Broker Cooperation is Welcome!
6001 Church Avenue, Brooklyn
NY, 11203
7 Tenant Retail Building
Signalized Intersection
Building Size of 9,828 SF
100% Occupied
5.5% CAP Rate
NOI: $341,354.18
ASKING PRICE:
$6,206,439.60