166 Kings Highway Offering Memorandum

Page 1

Build to Suit Retail Space For Lease 152 - 174 Kings Hwy, Brooklyn, NY 11223

Prepared by: Richard DiPietro Licensed R.E. Salesperson Office: 718-921-3100 x107 Mobile: 347-693-2995 Email: richard.dipietro@coldwellbanker.com

Kim Fong Licensed R.E. Salesperson Office: 718-921-3100 x161 Email: Kimberly.fong@coldwellbanker.com

Coldwell Banker Reliable Commercial Division

Phone: (718)921-3100 Web: www.cbrcd.com

7428 Fifth Avenue, Brooklyn, NY 11209

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.


Table of Contents

Executive Summary____________________________________3 Property Details_______________________________________4 Maps & Aerials________________________________________5 Retail Map____________________________________________6 Traffic Count Report ___________________________________7 Demographic Market Comparison Report_______________8—9 Demographic Summary Report_________________________10 Daytime Employment Report___________________________11 Consumer Spending Report_________________________12 —13 Contact Information___________________________________ 14 Confidentiality Statement______________________________ 15

7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbrcd.com

Coldwell Banker Reliable Commercial Division


Executive Summary The Offering:

Executive Summary

Coldwell Banker Reliable Commercial Division is pleased to offer up to 10,000 SF (minimum divisible 500 SF) + 8,392 SF of parking for lease at 152 - 174 Kings Hwy. The upcoming development will be prime retail located in the Gravesend section of Brooklyn, NY. The site will feature 10,000 SF of divisible commercial space, parking and multiple curb cuts. For additional information, please contact the exclusive broker Coldwell Banker Reliable Commercial Division.

Investment Highlights:

The Property



10,000 SF for lease

152 - 174 Kings Hwy, Brooklyn, NY 11223



Minimum divisible 500SF

Property Specifications Property Type:



8,392 SF for parking



3 Curb Cuts (Kings Highway, West 12th Street & Quentin Rd.

Retail

Building Size:

10,000 SF

Lot Size:

18,392 SF



Owner can build to suit

Space Size:

500 SF Minimum / 10,000 SF Max



Corner location with 240ft of frontage on Kings Hwy.

Stories:

1 + basement

Zoning:

C2-3 / R6B

Location Highlights:

Commercial Units

TBD



Parking Spaces

8,392 SF

.



High traffic area surrounded by local, national and global tenants. Walking distance to N Train as well as the B4 & B82 Buses.

For Lease Price Lease Price:

$2,917 to $58,333 Monthly

Per SF PY Price:

$70 Per SF Per Year

7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbrcd.com

Coldwell Banker Reliable Commercial Division


Property Overview Property Address 152 - 174 Kings Hwy., Brooklyn, NY 11223 Property Details Coldwell Banker Reliable Commercial Division is pleased to offer up to 10,000 SF (minimum divisible 500 SF) + 8,392 SF of parking for lease at 152 - 174 Kings Hwy. The upcoming development will be prime retail located in the Gravesend section of Brooklyn, NY. The site will feature 10,000 SF of divisible commercial space, parking and multiple curb cuts. For additional information, please contact the exclusive broker Coldwell Banker Reliable Commercial Division. Investment Highlights:      

10,000 SF for lease Minimum divisible 500SF 8,392 SF for parking 3 Curb Cuts (Kings Highway, West 12th Street & Quentin Rd. Owner can build to suit Corner location with 240ft of frontage on Kings Hwy.

Location Highlights: 

High traffic area surrounded by local, national and global tenants.



Walking distance to N Train as well as the B4 & B82 Buses.

For Lease Price $2,917 to $58,333 monthly / $70 Per Sf Per Year

Property Specifications Property Type: Building Class: Building Size: Buildings on Lot Stories Zoning

Retail Diner, Franchised Type Stand (K5) 10,000 SF 1 1 + Basement C2-3 / R6B 500 Sf to 10,000 SF Commercial / 8,392 SF Parking / multiple Units curb cuts

Location Information Cross Street: Metro Market: Submarket: County: Tenancy Information Tenancy:

West 12th Street Brooklyn Gravesend Kings Vacant / Build to Suit

7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbrcd.com

Coldwell Banker Reliable Commercial Division


Property Overview Maps & Aerials

7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbrcd.com

Coldwell Banker Reliable Commercial Division


Retail Map

7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbrcd.com

Coldwell Banker Reliable Commercial Division


Market Overview Traffic Count Report

7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbrcd.com

Coldwell Banker Reliable Commercial Division


Market Overview Demographic Market Comparison Report

7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbrcd.com

Coldwell Banker Reliable Commercial Division


Market Overview Demographic Market Comparison Report (Continued)

7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbrcd.com

Coldwell Banker Reliable Commercial Division


Market Overview Demographic Summary Report

7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbrcd.com

Coldwell Banker Reliable Commercial Division


Market Overview Daytime Employment Report

7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbrcd.com

Coldwell Banker Reliable Commercial Division


Market Overview Consumer Spending Report

7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbrcd.com

Coldwell Banker Reliable Commercial Division


Market Overview Consumer Spending Report (Continued)

7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbrcd.com

Coldwell Banker Reliable Commercial Division


Contact Information

Contact Info For more information, please contact:

Richard DiPietro, Licensed R.E. Salesperson 7428 5th Ave. Brooklyn, NY, 11209 Phone: 718-921-3100 x107 Fax: 718-921-3110 Mobile: 347-693-2995 Email: richard.dipietro@coldwellbanker.com

Coldwell Banker Reliable Commercial Division 7428 5th Ave Brooklyn, NY , 11209 Phone: 718-921-3100 Fax: 718-921-3110 Website: cbrcd.com

7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbrcd.com

Coldwell Banker Reliable Commercial Division


Confidentiality Statement

Confidentiality Statement This offering has been prepared solely for informational purposes. It is designed to assist a potential investor in determining whether it wishes to proceed with an indepth 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 Commercial affiliate or by the Seller. The projections and pro forma budget contained herein represent best estimates on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that actual results will conform to such projections. 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. Interested buyers should be aware that the Seller is selling the Property “AS IS” CONDITION WITH ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. Prior to and/or after contracting to purchase, as appropriate, buyer will be given a reasonable opportunity to inspect and investigate the Property and all improvements thereon, either independently or through agents of the buyer’s choosing. The Seller 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 buy must be: (i) presented in the form of a non-binding letter of intent; (ii) incorporated in a formal written contract of purchase and sale to be prepared by the Seller and executed by both parties; and (iii) approved by Seller and such other parties who may have an interest in the Property. Neither the prospective buyer nor Seller shall be bound until execution of the contract of purchase and sale, which contract shall supersede prior discussions and writings and shall constitute the sole agreement of the parties. Prospective buyers shall be responsible for their costs and expenses of investigating the Property and all other expenses, professional or otherwise, incurred by them.

7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbrcd.com

Coldwell Banker Reliable Commercial Division


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