Post on 07-Apr-2016
description
Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks licensed to Coldwell Banker Commercial Affiliates. Each Office is Independently Owned and Operated.
Coldwell Banker Reliable Commercial Division
John J. Young NYS Licensed RE Associate Broker Phone: (347) 706-1261 Email: john.young@coldwellbanker.com
Prepared by:
7428 Fifth Avenue, Brooklyn, NY 11209 Bus: (718) 921-3100 · Fax : (718) 921-3110 Web: www.cbrcd.com
Office Space For Lease: 635 - 1,549 Square Feet Bay Ridge 9920 4th Ave, Brooklyn
For Lease: $45/sf/year
Coldwell Banker Reliable Commercial Division 7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbrcd.com
Table of Contents
Executive Summary Property Overview Property Photos Map Traffic Count Report Demographic Market Comparison Report Demographic Summary Report Daytime Employment Report Consumer Spending Report Floor Plans Contact Information Confidentiality Statement
Coldwell Banker Reliable Commercial Division 7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbrcd.com
Executive Summary
Executive Summary
The Property
9920 4th Avenue, Brooklyn, NY 11209
Property Specifications Property Type: Medical/Professional Office Lease
Class: Class A Office Space
Lot Size: 18,925 sf
Zoning: C1-3/R6A/R4-1 Max Contiguous: 1,549 sf Lease Rate
Suite SF $/SF Annual Rate Monthly Rate
209 1094 $45.00 $49,230.00 $4,102.50
301 635 $45.00 $28,575.00 $2,381.25
305 1549 $45.00 $69,705.00 $5,808.75
309 1023 $45.00 $46,035.00 $3,836.25
313 1150 $45.00 $51,750.00 $4,312.50
The Offering: Coldwell Banker Reliable Commercial Division is pleased to offer for lease 9920 4th Avenue. The building features professional and medical offices ranging from 635 - 1,549 square feet. The spaces are located in the Narrows Medical Building, a contemporary elevator office building constructed in 1976, located on 4th Ave between 99th St and 100th St in the Bay Ridge neighborhood of Brooklyn. The building is home to numerous med-ical related businesses, profession-als and physicians providing ser-vices to the south Brooklyn com-munity. To schedule a preview please contact the Exclusive Broker Coldwell Banker Reliable Com-mercial Division. Bay Ridge is a neighborhood in the southwest corner of the New York City borough of Brooklyn, US. It is bounded by Sunset Park on the north, Seventh Avenue and Dyker Heights on the east, The Narrows Strait, which partially houses the Belt Parkway, on the west and the Verrazano bridge on the south. Location Highlights: • Located in contemporary elevator
office building.
• Parking ratio = 1.
• Close proximity to public trans-portation, Belt Pkwy, I-278 and Verrazano Bridge.
Coldwell Banker Reliable Commercial Division 7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbrcd.com
Property Overview
Property Address
9920 4th Avenue, Brooklyn, NY 11209
Property Details
Coldwell Banker Reliable Commercial Division is pleased to offer for lease 9920 4th Avenue | Narrows Medical Building. Class A Office Space building constructed in 1976 currently has available spaces ranging from 635 - 1,549 sf of medical/professional office space in contemporary elevator office building on 4th Avenue between 99th St & 100th St. Will build to suit. To schedule a preview please contact the Exclusive Broker Coldwell Banker Reliable Commercial Division.
Property Specifications
Property Type: Class A Office Space NYC Building Class: Professional Buildings (O7)
Lot Size: 18,925 sf Zoning C1-3/R6A/R4-1
Property Features
Available Space (s) 5 Location Information
Cross Streets: 99th & 100th Sts. Located: 4th Avenue
Metro Market: Brooklyn Submarket: Bay Ridge
County: Kings
Lease Information
Tenancy: To be delivered vacant % Leased: 77
Space Available: 635 - 1,549 square feet Rental Rate: $45/sf/year + Utilities
Property Details
Property Photos
Professional Space For Lease9920 Fourth Avenue, Brooklyn, NY
Aerial / Map Report
Narrows Medical Bldg9920-9922 4th Ave - Brooklyn, NY 11209
Aerial / Map Report
Narrows Medical Bldg9920-9922 4th Ave - Brooklyn, NY 11209
Street Cross Street Cross Str DistCountYear
Avg DailyVolume
VolumeType
Miles fromSubject Prop
1 100th St Fort Hamilton Pkwy 0.05 SE 2012 1,354 MPSI .08
2 Fort Hamilton Pkwy Lee Ave 0.02 SW 2012 1,588 MPSI .15
3 Shore Rd 3rd Ave 0.12 NW 2010 13,174 AADT .16
4 Belt Pkwy I- 278 0.15 SE 2012 50,149 MPSI .19
5 Shore Rd 95th St 0.01 SE 2012 7,132 MPSI .34
6 Ridge Blvd Shore Rd 0.07 SW 2012 1,332 MPSI .36
7 Fort Hamilton Pkwy 94th St 0.05 SW 2012 8,388 MPSI .37
8 4th Ave 93rd St 0.02 S 2012 11,951 MPSI .38
9 Shore Rd Ridge Blvd 0.01 SE 2012 6,007 MPSI .39
10 I- 278 Belt Pkwy 0.30 NE 2012 198,105 MPSI .49
Traffic Count Report
Narrows Medical Bldg9920-9922 4th Ave, Brooklyn, NY 11209
Type:County:
Class B Office/MedicalKings
1 Mile
County
Population Growth Household Growth
2014 Med Household Inc 2014 Households by Household Income
2014 Median Age 2014 Population by Race
2014 Renter vs. Owner 2014 Employed vs. Unemployed
Type: Class B Office/Medical
Demographic Market Comparison Report 1 mile radius
Narrows Medical Bldg9920-9922 4th Ave, Brooklyn, NY 11209
Type:County:
Class B Office/MedicalKings
1 Mile County
Population Growth
2014 Population by Race 45,163 2,599,555
Household Growth
2014 Households by Household Income 21,068 952,000
Growth 2010 - 2014 8.96% 3.79%
Growth 2014 - 2019 6.71% 5.29%
92.52% 90.16% Employed 21,191 1,130,618
7.48% 9.84% Unemployed 1,714 123,394
82.64% 49.52% White 37,321 1,287,217
2.65% 36.14% Black 1,195 939,591
0.47% 1.04% Am. Indian & Alaskan 212 27,143
12.07% 10.98% Asian 5,450 285,498
0.11% 0.14% Hawaiian & Pacific Island 48 3,693
2.07% 2.17% Other 937 56,413
Growth 2010 - 2014 3.70% 0.39%
Growth 2014 - 2019 6.72% 5.34%
67.86% 73.23%Renter Occupied 14,296 697,113
32.14% 26.77%Owner Occupied 6,772 254,887
20.48% 31.75%Income <$25K 4,315 302,251
21.18% 22.45%Income $25K - $50K 4,463 213,700
16.82% 15.92%Income $50K - $75K 3,543 151,539
13.15% 10.77%Income $75K - $100K 2,771 102,529
9.25% 6.67%Income $100K - $125K 1,949 63,513
5.44% 4.29%Income $125K - $150K 1,146 40,845
7.40% 4.20%Income $150K - $200K 1,558 39,937
6.28% 3.96%Income $200K+ 1,323 37,686
2014 Med Household Inc $61,162 $44,375
2014 Median Age 40.90 35.00
Demographic Market Comparison Report 1 mile radius
Narrows Medical Bldg9920-9922 4th Ave, Brooklyn, NY 11209
Radius 1 Mile 3 Mile 5 Mile
Population
2019 Projection 48,194 557,188 1,387,419
2014 Estimate 45,163 541,454 1,329,289
2010 Census 41,448 553,012 1,296,166
Growth 2014 - 2019 6.71% 2.91% 4.37%
Growth 2010 - 2014 8.96% -2.09% 2.56%
2014 Population by Hispanic Origin 6,072 109,102 236,993
2014 Population By Race 45,163 541,454 1,329,289
White 37,321 82.64% 350,192 64.68% 855,976 64.39%
Black 1,195 2.65% 30,685 5.67% 197,161 14.83%
Am. Indian & Alaskan 212 0.47% 5,400 1.00% 12,272 0.92%
Asian 5,449 12.07% 144,860 26.75% 236,779 17.81%
Hawaiian & Pacific Island 48 0.11% 836 0.15% 1,543 0.12%
Other 937 2.07% 9,481 1.75% 25,559 1.92%
Households
2019 Projection 22,483 190,831 497,856
2014 Estimate 21,068 185,369 476,660
2010 Census 19,349 189,180 464,095
Growth 2014 - 2019 6.72% 2.95% 4.45%
Growth 2010 - 2014 3.70% -5.75% -0.83%
Owner Occupied 6,772 32.14% 60,596 32.69% 155,715 32.67%
Renter Occupied 14,296 67.86% 124,772 67.31% 320,945 67.33%
2014 Households by HH Income 21,068 185,369 476,660
Income: <$25,000 4,315 20.48% 53,146 28.67% 136,288 28.59%
Income: $25,000 - $50,000 4,463 21.18% 44,216 23.85% 105,504 22.13%
Income: $50,000 - $75,000 3,543 16.82% 31,974 17.25% 81,266 17.05%
Income: $75,000 - $100,000 2,771 13.15% 19,560 10.55% 51,519 10.81%
Income: $100,000 - $125,000 1,949 9.25% 13,814 7.45% 37,430 7.85%
Income: $125,000 - $150,000 1,146 5.44% 7,630 4.12% 21,989 4.61%
Income: $150,000 - $200,000 1,558 7.40% 8,860 4.78% 23,217 4.87%
Income: $200,000+ 1,323 6.28% 6,169 3.33% 19,447 4.08%
2014 Avg Household Income $82,902 $65,270 $68,268
2014 Med Household Income $61,162 $46,235 $48,899
Demographic Summary Report
Narrows Medical Bldg9920-9922 4th Ave, Brooklyn, NY 11209
Business Employment by Type # of Businesses # Employees #Emp/BusTotal Businesses 1,775 13,920 8
Retail & Wholesale Trade 272 1,991 7
Hospitality & Food Service 165 1,608 10
Real Estate, Renting, Leasing 94 514 5
Finance & Insurance 95 635 7
Information 18 154 9
Scientific & Technology Services 124 541 4
Management of Companies 0 0 0
Health Care & Social Assistance 562 5,818 10
Educational Services 48 931 19
Public Administration & Sales 18 120 7
Arts, Entertainment, Recreation 18 158 9
Utilities & Waste Management 66 237 4
Construction 89 372 4
Manufacturing 19 91 5
Agriculture, Mining, Fishing 1 3 3
Other Services 186 747 4
Daytime Employment Report 1 Mile Radius
Narrows Medical Bldg9920-9922 4th Ave, Brooklyn, NY 11209
2014 Annual Spending ($000s) 1 Mile 3 Mile 5 Mile
Total Specified Consumer Spending $544,962 $4,512,072 $11,704,247
Total Apparel $30,861 $300,168 $761,292
Women's Apparel 12,987 116,576 301,996
Men's Apparel 6,879 63,614 161,056
Girl's Apparel 2,014 23,511 58,157
Boy's Apparel 1,396 16,525 40,405
Infant Apparel 1,343 14,445 35,750
Footwear 6,241 65,498 163,929
Total Entertainment & Hobbies $42,660 $326,376 $866,472
Entertainment 6,004 48,688 127,318
Audio & Visual Equipment/Service 21,665 171,106 454,984
Reading Materials 2,498 15,992 44,208
Pets, Toys, & Hobbies 12,494 90,591 239,961
Total Food and Alcohol $152,835 $1,341,631 $3,412,489
Food At Home 80,833 784,027 1,966,396
Food Away From Home 60,442 476,120 1,230,870
Alcoholic Beverages 11,560 81,484 215,223
Total Household $80,415 $623,179 $1,637,130
House Maintenance & Repair 9,558 80,681 208,554
Household Equip & Furnishings 31,962 247,421 652,244
Household Operations 27,286 214,824 560,841
Housing Costs 11,610 80,252 215,492
Consumer Spending Report
Narrows Medical Bldg9920-9922 4th Ave, Brooklyn, NY 11209
Consumer Spending Report
Narrows Medical Bldg9920-9922 4th Ave, Brooklyn, NY 11209
2014 Annual Spending (000s) 1 Mile 3 Mile 5 Mile
Total Transportation/Maint. $130,550 $1,075,639 $2,797,513
Vehicle Purchases 27,095 204,337 551,654
Gasoline 59,350 513,519 1,324,464
Vehicle Expenses 11,149 93,934 241,400
Transportation 19,850 164,360 416,690
Automotive Repair & Maintenance 13,106 99,489 263,306
Total Health Care $29,217 $241,459 $621,692
Medical Services 16,762 135,157 348,478
Prescription Drugs 9,470 81,978 209,867
Medical Supplies 2,985 24,323 63,347
Total Education/Day Care $42,019 $320,103 $846,437
Education 25,928 204,566 541,046
Fees & Admissions 16,091 115,537 305,390
Coldwell Banker Reliable Commercial Division 7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbrcd.com
Contact Information
Contact Info
For more information, please contact:
John J. Young
NYS Licensed Real Estate Associate Broker
Coldwell Banker Reliable Commercial Division 7428 Fifth Ave
Brooklyn, NY , 11209
Office: (718) 921-3100
Direct: (347) 706-1261
Fax: (888) 770-6871
Cell: (917) 613-2802
Email: john.young@coldwellbanker.com
Web: cbrcd.com
Coldwell Banker Reliable Commercial Division 7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbrcd.com
Confidentiality Statement
Confidentiality Statement
This offering has been prepared solely for informational purposes. It is designed to
assist a potential tenants in determining whether it wishes to proceed with an in-
depth investigation of the subject property. While the information contained herein
is from sources deemed reliable, it has not been independently verified by the
Coldwell Banker Reliable Commercial Division or by Ownership.
This document is provided subject to errors, omissions and changes in the
information and is subject to modification or withdrawal. The contents herein are
confidential and are not to be reproduced without the express written consent of
Coldwell Banker Reliable Commercial Division or the property Ownership.
The Owner reserves the right to withdraw the Property being marketed at any time
without notice, to reject all offers, and to accept any offer without regard to the
relative price and terms of any other offer. Any offer to lease must be: (i) presented
in the form of a non-binding letter of intent; (ii) incorporated in a formal written
contract to lease and prepared by the Owner or their representatives and executed
by both parties; and (iii) approved by the Owner and such other parties who may
have an interest in the Property. Neither the prospective tenant nor Owner shall be
bound until execution of a formal lease, which contract shall supersede prior
discussions and writings and shall constitute the sole agreement of the parties.
Prospective tenants shall be responsible for their costs and expenses of
investigating the Property and all other expenses, professional or otherwise,
incurred by them.