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1012 AT BAYRIDGE AVE BROOKLYN NY AVAILABLE FOR SALE 11,004 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
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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
