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1012AT BAYRIDGE AVE BROOKLYN NY
AVAILABLE FOR SALE11,004 SF NEW net lease to The Learning Experience for 15 years beginning on November 1, 2016, the Property benefits from 10% rental increases every five (5) years, providing a stable cash flow for investors and 1031 buyers alike.The in-place gross revenue is $395,000, and is set to increase by over 30% during the remainder of the lease. The Property contains two (2) five year renewal options with 10% increases at each renewal.NOI ACTUAL: $350,615 $31.86 SF$7,000,000 5% CAP RATE
CELLAR FLOOR PLAN
3,114 SF
FLOOR PLAN 1ST FLOOR
6,240 SF
ROOFTOP FLOOR PLAN
2,204 SF + 1,650 SF SECOND FLOOR
AERIAL VIEW