Marcus and Millichap has successfully sold 414-426 Church Avenue, Brooklyn New York 11218. The subject property is a recently constructed two-story commercial building comprised of 10 commercial tenants that include six retail and four offices. The subject property is located on the corner of Church Avenue and East 5th Street, between East 5th Street and East 4th Street in Borough Park.
The subject property generates $355,000 annually, with pro-forma levels reaching as high as $373,000 per year. The current leases also provide a three-five percent annual increase for each tenant. An investor will be able to capitalize on a day one cap rate of over five percent in a desirable corner location with minimal management required.
The subject property totals approximately 7,660 gross square feet, and measures 65.42 feet by 106.83 feet.
The subject property is located four blocks away from the Church Avenue "F" and "G" train station, providing easy access to Manhattan.

• Low-management 10 tenant commercial asset
• Recent construction with no deferred maintenance
• Corner exposure on Church Avenue retail corridor