bay ridge office spaces for lease

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.

Coldwell Banker Reliable Commercial Division

John J. Young NYS Licensed RE Associate Broker Phone: (347) 706-1261 Email: [email protected]

Prepared by:

7428 Fifth Avenue, Brooklyn, NY 11209 Bus: (718) 921-3100 · Fax : (718) 921-3110 Web: www.cbrcd.com

Office Space For Lease: 635 - 1,549 Square Feet Bay Ridge 9920 4th Ave, Brooklyn

For Lease: $45/sf/year

Coldwell Banker Reliable Commercial Division 7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbrcd.com

Table of Contents

Executive Summary Property Overview Property Photos Map Traffic Count Report Demographic Market Comparison Report Demographic Summary Report Daytime Employment Report Consumer Spending Report Floor Plans Contact Information Confidentiality Statement


Executive Summary

Executive Summary

The Property

9920 4th Avenue, Brooklyn, NY 11209

Property Specifications Property Type: Medical/Professional Office Lease

Class: Class A Office Space

Lot Size: 18,925 sf

Zoning: C1-3/R6A/R4-1 Max Contiguous: 1,549 sf Lease Rate

Suite SF $/SF Annual Rate Monthly Rate

209 1094 $45.00 $49,230.00 $4,102.50

301 635 $45.00 $28,575.00 $2,381.25

305 1549 $45.00 $69,705.00 $5,808.75

309 1023 $45.00 $46,035.00 $3,836.25

313 1150 $45.00 $51,750.00 $4,312.50

The Offering: Coldwell Banker Reliable Commercial Division is pleased to offer for lease 9920 4th Avenue. The building features professional and medical offices ranging from 635 - 1,549 square feet. The spaces are located in the Narrows Medical Building, a contemporary elevator office building constructed in 1976, located on 4th Ave between 99th St and 100th St in the Bay Ridge neighborhood of Brooklyn. The building is home to numerous med-ical related businesses, profession-als and physicians providing ser-vices to the south Brooklyn com-munity. To schedule a preview please contact the Exclusive Broker Coldwell Banker Reliable Com-mercial Division. Bay Ridge is a neighborhood in the southwest corner of the New York City borough of Brooklyn, US. It is bounded by Sunset Park on the north, Seventh Avenue and Dyker Heights on the east, The Narrows Strait, which partially houses the Belt Parkway, on the west and the Verrazano bridge on the south. Location Highlights: • Located in contemporary elevator

office building.

• Parking ratio = 1.

• Close proximity to public trans-portation, Belt Pkwy, I-278 and Verrazano Bridge.


Property Overview

Property Address

9920 4th Avenue, Brooklyn, NY 11209

Property Details

Coldwell Banker Reliable Commercial Division is pleased to offer for lease 9920 4th Avenue | Narrows Medical Building. Class A Office Space building constructed in 1976 currently has available spaces ranging from 635 - 1,549 sf of medical/professional office space in contemporary elevator office building on 4th Avenue between 99th St & 100th St. Will build to suit. To schedule a preview please contact the Exclusive Broker Coldwell Banker Reliable Commercial Division.

Property Specifications

Property Type: Class A Office Space NYC Building Class: Professional Buildings (O7)

Lot Size: 18,925 sf Zoning C1-3/R6A/R4-1

Property Features

Available Space (s) 5 Location Information

Cross Streets: 99th & 100th Sts. Located: 4th Avenue

Metro Market: Brooklyn Submarket: Bay Ridge

County: Kings

Lease Information

Tenancy: To be delivered vacant % Leased: 77

Space Available: 635 - 1,549 square feet Rental Rate: $45/sf/year + Utilities

Property Details

Property Photos

Professional Space For Lease9920 Fourth Avenue, Brooklyn, NY

Aerial / Map Report

Narrows Medical Bldg9920-9922 4th Ave - Brooklyn, NY 11209

Street Cross Street Cross Str DistCountYear

Avg DailyVolume

VolumeType

Miles fromSubject Prop

1 100th St Fort Hamilton Pkwy 0.05 SE 2012 1,354 MPSI .08

2 Fort Hamilton Pkwy Lee Ave 0.02 SW 2012 1,588 MPSI .15

3 Shore Rd 3rd Ave 0.12 NW 2010 13,174 AADT .16

4 Belt Pkwy I- 278 0.15 SE 2012 50,149 MPSI .19

5 Shore Rd 95th St 0.01 SE 2012 7,132 MPSI .34

6 Ridge Blvd Shore Rd 0.07 SW 2012 1,332 MPSI .36

7 Fort Hamilton Pkwy 94th St 0.05 SW 2012 8,388 MPSI .37

8 4th Ave 93rd St 0.02 S 2012 11,951 MPSI .38

9 Shore Rd Ridge Blvd 0.01 SE 2012 6,007 MPSI .39

10 I- 278 Belt Pkwy 0.30 NE 2012 198,105 MPSI .49

Traffic Count Report

Narrows Medical Bldg9920-9922 4th Ave, Brooklyn, NY 11209

Type:County:

Class B Office/MedicalKings

1 Mile

County

Population Growth Household Growth

2014 Med Household Inc 2014 Households by Household Income

2014 Median Age 2014 Population by Race

2014 Renter vs. Owner 2014 Employed vs. Unemployed

Type: Class B Office/Medical

Demographic Market Comparison Report 1 mile radius


Type:County:

Class B Office/MedicalKings

1 Mile County

Population Growth

2014 Population by Race 45,163 2,599,555

Household Growth

2014 Households by Household Income 21,068 952,000

Growth 2010 - 2014 8.96% 3.79%

Growth 2014 - 2019 6.71% 5.29%

92.52% 90.16% Employed 21,191 1,130,618

7.48% 9.84% Unemployed 1,714 123,394

82.64% 49.52% White 37,321 1,287,217

2.65% 36.14% Black 1,195 939,591

0.47% 1.04% Am. Indian & Alaskan 212 27,143

12.07% 10.98% Asian 5,450 285,498

0.11% 0.14% Hawaiian & Pacific Island 48 3,693

2.07% 2.17% Other 937 56,413

Growth 2010 - 2014 3.70% 0.39%

Growth 2014 - 2019 6.72% 5.34%

67.86% 73.23%Renter Occupied 14,296 697,113

32.14% 26.77%Owner Occupied 6,772 254,887

20.48% 31.75%Income <$25K 4,315 302,251

21.18% 22.45%Income $25K - $50K 4,463 213,700

16.82% 15.92%Income $50K - $75K 3,543 151,539

13.15% 10.77%Income $75K - $100K 2,771 102,529

9.25% 6.67%Income $100K - $125K 1,949 63,513

5.44% 4.29%Income $125K - $150K 1,146 40,845

7.40% 4.20%Income $150K - $200K 1,558 39,937

6.28% 3.96%Income $200K+ 1,323 37,686

2014 Med Household Inc $61,162 $44,375

2014 Median Age 40.90 35.00

Demographic Market Comparison Report 1 mile radius


Radius 1 Mile 3 Mile 5 Mile

Population

2019 Projection 48,194 557,188 1,387,419

2014 Estimate 45,163 541,454 1,329,289

2010 Census 41,448 553,012 1,296,166

Growth 2014 - 2019 6.71% 2.91% 4.37%

Growth 2010 - 2014 8.96% -2.09% 2.56%

2014 Population by Hispanic Origin 6,072 109,102 236,993

2014 Population By Race 45,163 541,454 1,329,289

White 37,321 82.64% 350,192 64.68% 855,976 64.39%

Black 1,195 2.65% 30,685 5.67% 197,161 14.83%

Am. Indian & Alaskan 212 0.47% 5,400 1.00% 12,272 0.92%

Asian 5,449 12.07% 144,860 26.75% 236,779 17.81%

Hawaiian & Pacific Island 48 0.11% 836 0.15% 1,543 0.12%

Other 937 2.07% 9,481 1.75% 25,559 1.92%

Households

2019 Projection 22,483 190,831 497,856

2014 Estimate 21,068 185,369 476,660

2010 Census 19,349 189,180 464,095

Growth 2014 - 2019 6.72% 2.95% 4.45%

Growth 2010 - 2014 3.70% -5.75% -0.83%

Owner Occupied 6,772 32.14% 60,596 32.69% 155,715 32.67%

Renter Occupied 14,296 67.86% 124,772 67.31% 320,945 67.33%

2014 Households by HH Income 21,068 185,369 476,660

Income: <$25,000 4,315 20.48% 53,146 28.67% 136,288 28.59%

Income: $25,000 - $50,000 4,463 21.18% 44,216 23.85% 105,504 22.13%

Income: $50,000 - $75,000 3,543 16.82% 31,974 17.25% 81,266 17.05%

Income: $75,000 - $100,000 2,771 13.15% 19,560 10.55% 51,519 10.81%

Income: $100,000 - $125,000 1,949 9.25% 13,814 7.45% 37,430 7.85%

Income: $125,000 - $150,000 1,146 5.44% 7,630 4.12% 21,989 4.61%

Income: $150,000 - $200,000 1,558 7.40% 8,860 4.78% 23,217 4.87%

Income: $200,000+ 1,323 6.28% 6,169 3.33% 19,447 4.08%

2014 Avg Household Income $82,902 $65,270 $68,268

2014 Med Household Income $61,162 $46,235 $48,899

Demographic Summary Report


Business Employment by Type # of Businesses # Employees #Emp/BusTotal Businesses 1,775 13,920 8

Retail & Wholesale Trade 272 1,991 7

Hospitality & Food Service 165 1,608 10

Real Estate, Renting, Leasing 94 514 5

Finance & Insurance 95 635 7

Information 18 154 9

Scientific & Technology Services 124 541 4

Management of Companies 0 0 0

Health Care & Social Assistance 562 5,818 10

Educational Services 48 931 19

Public Administration & Sales 18 120 7

Arts, Entertainment, Recreation 18 158 9

Utilities & Waste Management 66 237 4

Construction 89 372 4

Manufacturing 19 91 5

Agriculture, Mining, Fishing 1 3 3

Other Services 186 747 4

Daytime Employment Report 1 Mile Radius


2014 Annual Spending ($000s) 1 Mile 3 Mile 5 Mile

Total Specified Consumer Spending $544,962 $4,512,072 $11,704,247

Total Apparel $30,861 $300,168 $761,292

Women's Apparel 12,987 116,576 301,996

Men's Apparel 6,879 63,614 161,056

Girl's Apparel 2,014 23,511 58,157

Boy's Apparel 1,396 16,525 40,405

Infant Apparel 1,343 14,445 35,750

Footwear 6,241 65,498 163,929

Total Entertainment & Hobbies $42,660 $326,376 $866,472

Entertainment 6,004 48,688 127,318

Audio & Visual Equipment/Service 21,665 171,106 454,984

Reading Materials 2,498 15,992 44,208

Pets, Toys, & Hobbies 12,494 90,591 239,961

Total Food and Alcohol $152,835 $1,341,631 $3,412,489

Food At Home 80,833 784,027 1,966,396

Food Away From Home 60,442 476,120 1,230,870

Alcoholic Beverages 11,560 81,484 215,223

Total Household $80,415 $623,179 $1,637,130

House Maintenance & Repair 9,558 80,681 208,554

Household Equip & Furnishings 31,962 247,421 652,244

Household Operations 27,286 214,824 560,841

Housing Costs 11,610 80,252 215,492

Consumer Spending Report


Consumer Spending Report


2014 Annual Spending (000s) 1 Mile 3 Mile 5 Mile

Total Transportation/Maint. $130,550 $1,075,639 $2,797,513

Vehicle Purchases 27,095 204,337 551,654

Gasoline 59,350 513,519 1,324,464

Vehicle Expenses 11,149 93,934 241,400

Transportation 19,850 164,360 416,690

Automotive Repair & Maintenance 13,106 99,489 263,306

Total Health Care $29,217 $241,459 $621,692

Medical Services 16,762 135,157 348,478

Prescription Drugs 9,470 81,978 209,867

Medical Supplies 2,985 24,323 63,347

Total Education/Day Care $42,019 $320,103 $846,437

Education 25,928 204,566 541,046

Fees & Admissions 16,091 115,537 305,390


Contact Information

Contact Info

For more information, please contact:

John J. Young

NYS Licensed Real Estate Associate Broker

Coldwell Banker Reliable Commercial Division 7428 Fifth Ave

Brooklyn, NY , 11209

Office: (718) 921-3100

Direct: (347) 706-1261

Fax: (888) 770-6871

Cell: (917) 613-2802

Email: [email protected]

Web: cbrcd.com


Confidentiality Statement

Confidentiality Statement

This offering has been prepared solely for informational purposes. It is designed to

assist a potential tenants in determining whether it wishes to proceed with an in-

depth 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 Reliable Commercial Division or by Ownership.

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 of

Coldwell Banker Reliable Commercial Division or the property Ownership.

The Owner 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 lease must be: (i) presented

in the form of a non-binding letter of intent; (ii) incorporated in a formal written

contract to lease and prepared by the Owner or their representatives and executed

by both parties; and (iii) approved by the Owner and such other parties who may

have an interest in the Property. Neither the prospective tenant nor Owner shall be

bound until execution of a formal lease, which contract shall supersede prior

discussions and writings and shall constitute the sole agreement of the parties.

Prospective tenants shall be responsible for their costs and expenses of

investigating the Property and all other expenses, professional or otherwise,

incurred by them.

bay ridge office spaces for lease

Documents

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sf lease rate suite

office space lot size

south brooklyn community

building features professional

sf zoning

sf annual rate monthly

square feet bay ridge