The Brooklyn Grove
Downtown Brooklyn
FOR SALE
Verada, as exclusive agent, is pleased to offer for sale a 738 SF retail condominium unit, fully leased to Cooper Podiatry, located at the base of a 147-unit, 28-story residential condominium building in the heart of Downtown Brooklyn.
The property, completed in 2019, is situated on Nevins Street between Fulton and Livingston Streets, in a prime retail location. The leased unit boasts 25’ ft. of glass frontage and 12’ ft. ceilings, providing excellent visibility.
This offering presents investors with an opportunity to acquire a newly built, cash-flowing retail condominium with a stable medical tenant, Cooper Podiatry, which has 8 years remaining on its lease. Medical tenants, including podiatry practices, tend to have some of the lowest default rates for any retail use.
The property benefits from a 15-year ICAP abatement with 14 years remaining (10 years abated at 100%, followed by four years of gradual abatement burn-off). 10 Nevins is conveniently located one block from the Dekalb Ave B, D, N, Q, R and the Nevins St 2, 3, 4, 5 subway stations, offering excellent accessibility.
FOR SALE
Verada, as exclusive agent, is pleased to offer for sale a 738 SF retail condominium unit, fully leased to Cooper Podiatry, located at the base of a 147-unit, 28-story residential condominium building in the heart of Downtown Brooklyn.
The property, completed in 2019, is situated on Nevins Street between Fulton and Livingston Streets, in a prime retail location. The leased unit boasts 25’ ft. of glass frontage and 12’ ft. ceilings, providing excellent visibility.
This offering presents investors with an opportunity to acquire a newly built, cash-flowing retail condominium with a stable medical tenant, Cooper Podiatry, which has 8 years remaining on its lease. Medical tenants, including podiatry practices, tend to have some of the lowest default rates for any retail use.
The property benefits from a 15-year ICAP abatement with 14 years remaining (10 years abated at 100%, followed by four years of gradual abatement burn-off). 10 Nevins is conveniently located one block from the Dekalb Ave B, D, N, Q, R and the Nevins St 2, 3, 4, 5 subway stations, offering excellent accessibility.
- 738 sq. ft.
- Long term lease with medical user (low default risk)
- Cooper Podiatry: Remaining Lease Term: 8 Years
- Located in one of New York City's most popular retail corridors.
- Steps from Barclays Center
Available spaces
One
Location
10 Nevins St
Brooklyn, NY 11217
Brooklyn, NY 11217
Ceiling height
12 FT
Frontage
25 FT
Asking price
Upon Request
Floorplan
Retail 2 Space: 738 SF
