Asking Price Contact for pricing
N/A
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
N/A
NOI Net Operating Income N/A
Cap Rate N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Property Description

JLL has been retained on an exclusive basis to represent the sale of 555 Fifth Avenue, a two-story retail building in Park Slope, Brooklyn. The building is anchored by two credit tenants, and expects to benefit from the issuance of a 15-year ICAP Tax Benefit.

Investment Highlights

Premier Retail Location

Stretching from Flatbush Avenue to Prospect Avenue, the Park Slope Shopping District is concentrated on 5th Avenue. In this area, consumers spend 80% more than the national average on apparel, services, entertainment and food. 


Strong Fundamentals

Leased to national credit tenants. 


Tax Benefits

The Property expects to benefit from the issuance of a 15-year ICAP tax benefit.


Manhattan in 20 Minutes

Just two blocks from the Prospect Avenue r subway, the property has quick access to Downtown Brooklyn (15 minutes) and Manhattan’s Financial District (20 minutes). Also 2 blocks from the Brooklyn-Queens Expressway (I-278) and Prospect Expressway (Rt 27) the property has immediate access to major thoroughfares throughout the NY Metro area.

Last Updated Date: 24 May 2021
Michael Mazzara
Michael Mazzara
Managing Director, Capital Markets
License details
NY-10301214678
Stephen Palmese
Stephen Palmese
Vice Chairman
License details
NY-10311208021

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Last Updated Date: 24 May 2021

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