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3448 Nostrand Ave
Brooklyn, NY 11229 Sheepshead Bay

Price Upon Request

Storefront For Sale  •  5,164 SF

Property Details

  • Property Type Storefront
  • Total Building Size 5,164 SF
  • Lot Size 0.23 AC
  • Building Class C
  • Year Built 2009
  • Tenancy Multiple
  • Zoning R4/C1-2
100 Transit Score
100 Walk Score

Highlights

High traffic corner on Nostrand Avenue in the heart of Sheepshead Bay with rare on-site parking.
Institutional-quality investment featuring national credit tenancy and a simple two-tenant rent roll.
100% leased to Starbucks and Greene Street Cannabis Co. with strong in place cash flow
Contractual rent escalations provide long-term NOI growth.
Future value-add opportunity with approximately 4,641 SF of remaining as-of-right air rights.
Prime neighborhood retail location with strong residential density and access to the B/Q subway lines.

Major Tenants

Tenant SF Occupied Lease End Date
Pro Health 5/1/2021
Starbucks

Public Transportation

Commuter RailDriveWalkDistance
East New York Station (Far Rockaway Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 13 min - 6.6 mi
18 min - 6.8 mi
Transit/SubwayDriveWalkDistance
Avenue U (Q Line) (Q - New York MTA Subway (The Subway)) 2 min 16 min 0.8 mi
Neck Road (Q - New York MTA Subway (The Subway)) 4 min 16 min 0.8 mi
AirportDriveWalkDistance
John F Kennedy International 22 min - 14.5 mi
LaGuardia 33 min - 15.0 mi
Newark Liberty International 40 min - 22.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Daniel O'Brien 212-372-2165 Newmark
Daniel O'Brien 212-372-2165 Newmark