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TRANSCRIPT
![Page 1: PowerPoint Presentationimages3.loopnet.com/d2/4RMctuAiO-rFfHAJiVqqB0faaD9... · Tenant shall receive a Rent Concess on for the first twe ve (12) months following Rent Commencement](https://reader033.vdocuments.mx/reader033/viewer/2022041808/5e5630032bb3f739895a8374/html5/thumbnails/1.jpg)
1012AT BAYRIDGE AVE BROOKLYN NY
AVAILABLE FOR SALE11,004 SF NEW net lease to The Learning Experience for 15 years beginning on November 1, 2016, the Property benefits from 10% rental increases every five (5) years, providing a stable cash flow for investors and 1031 buyers alike.The in-place gross revenue is $395,000, and is set to increase by over 30% during the remainder of the lease. The Property contains two (2) five year renewal options with 10% increases at each renewal.NOI ACTUAL: $350,615 $31.86 SF$7,000,000 5% CAP RATE
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CELLAR FLOOR PLAN
3,114 SF
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FLOOR PLAN 1ST FLOOR
6,240 SF
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ROOFTOP FLOOR PLAN
2,204 SF + 1,650 SF SECOND FLOOR
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AERIAL VIEW
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