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3902-3910 Church Avenue, Brooklyn,
NY 11203
6 Tenant Retail Building
Signalized Intersection
Building Size of 8,750 SF
100% Occupied
7.23% CAP Rate
Leasehold Interest with
43 years remaining
NOI: $140,987.08
ASKING PRICE:
$2,100,000
3902-3910 Church Avenue,
Brooklyn, NY 11203
Presented by Asset Commercial Realty Group, LLC
A Full Service Commercial Real Estate Company
Confidentiality Disclaimer
The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended
to be reviewed only by the party receiving it from Asset Commercial Realty Group, LLC (“AssetCRG”) and should
not be made available to any other person or entity without the written consent of AssetCRG. This Marketing
Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to
establish only a preliminary level of interest in the subject property. The information contained herein is not a
substitute for a thorough due diligence investigation. AssetCRG has not made any investigation, and makes no
warranty or representation, with respect to the income or expenses for the subject property, the future projected
financial performance of the property, the size and square footage of the property and improvements, the
presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal
regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of
any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information
contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however,
AssetCRG has not verified, and will not verify, any of the information contained herein, nor has AssetCRG
conducted any investigation regarding these matters and makes no warranty or representation whatsoever
regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate
measures to verify all of the information set forth herein.
3902-3910 Church Avenue,
Brooklyn, NY 11203
Presented by Asset Commercial Realty Group, LLC
A Full Service Commercial Real Estate Company
Investment HighlightsAsset Commercial Realty Group has been exclusively
retained to market the leasehold interest in 3902
Church Ave, Brooklyn NY, a fully leased Retail Building
in the East Flatbush neighborhood of Brooklyn.
The building, constructed in 2011, spans a total of 6,300
SF on a 8,750 SF lot. The property is situated on a
square lot providing huge visibility to all tenants on
major avenue and street: East 39, Church Avenue.
The property includes car parking spots in the front.
The entire building is 100% leased to 6 retail Tenants.
All tenants have built in 3% annual increases with
reimbursement for Real Estate Taxes of the Base Year
of their Lease.
The building is well positioned with great access to
public transportation. Its near many public and
express buses, and highways. Church Avenue bustles
with many retailers with a great amount of foot and
car traffic.
Collectively, the asset produces a Net Operating
Income (NOI) of $140,987.08. Ownership has set the
asking price at $2,100,000 which reflects a 7.23% CAP
rate or $333 PSF.
There are a total of 43 years remaining on the ground
lease.
Site
3902-3910 Church Avenue,
Brooklyn, NY 11203
Presented by Asset Commercial Realty Group, LLC
A Full Service Commercial Real Estate Company
Financial Overview & Lease Analysis
Financial Analysis
Address
3902 Church Avenue,
Brooklyn, NY 11203
3210 Church Avenue,
Brooklyn, NY 11203
Section/Block/Lot 4893/1 4893/5
Town/City Brooklyn / East Flatbush
Cross Streets 39th Street and Church Avenue
Lot Size 50 X 100 37.5 X 100
Lot SF 5,000 3,750
Building Size 50 X 6744 X 67
Building SF 3,351 2,948
Number of Stories One
Zoning R5, C2-2
Building Analysis
Annualized Operating Data
Scheduled Income $ 261,649.32
Tax Recapture $ 32,015.76
Recapture CAM $ 7,335.96
Gross Operating Income $ 301,001.04
Annualized Expenses
Ground Lease $ 98,880.00
Real Estate Taxes $ 43,188.00
Insurance $ 4,000.00
Snow Removal/Cleaning $ 3,000.00
Total Expenses $ 149,068.00
Net Operating Income $ 140,987.08
Price $2,100,000 / 7.23% CAP
3902-3910 Church Avenue,
Brooklyn, NY 11203
Presented by Asset Commercial Realty Group, LLC
A Full Service Commercial Real Estate Company
Rent Roll
Tenant Name End Date S.F. Annual Rent S.F. Annual Rent Recapture CAM
Recapture Taxes
Escallations / Options / Comments
Dance School Aug-20 1,000 $ 24.02 $ 30,000.00 $ - $ - Next Increase on 9/2018 by 3%. Responsible for Pro-Rata Share of
increases in Taxes. One 3 year Option.
Metro PCS Apr-22 900 $ 31.01 $ 36,000.00 $ 2,100.00 Next Increase on 5/2019 by $250. Responsible for Increases in Taxes.
Pharmacy May-26 900 $ 32.87 $ 38,192.40 $ 1,800.00 $ 6,870.60 Rent Increases on 6/2019 by 3%. Responsible for Pro-Rata Share of Taxes
and CAM. One 5 year Option.
Nail Salon Apr-22 900 $ 35.92 $ 41,733.96 $ 4,912.80 Rent Increases on 5/2016 by 3%. Responsible for Increases in Taxes
Kings Army Ministries (Church) Jan-19 1,000 $ 27.94 $ 39,338.16 $ 1,920.00 $ 3,000.00 Responsible for Increases in Taxes and CAM
Medical Office Oct-18 1,600 $ 27.94 $ 76,384.80 $ 3,615.96 $ 15,132.36 Rent Increases on 11/2015 by 3%. Responsible for Pro-Rata Share of CAM
& Taxes
Total 6,300 $ 29.90 $ 261,649.32 $ 7,335.96 $ 32,015.76
3902-3910 Church Avenue,
Brooklyn, NY 11203
Presented by Asset Commercial Realty Group, LLC
A Full Service Commercial Real Estate Company
Map
3902-3910 Church Avenue,
Brooklyn, NY 11203
Presented by Asset Commercial Realty Group, LLC
A Full Service Commercial Real Estate Company
Pictures
3902-3910 Church Avenue,
Brooklyn, NY 11203
Presented by Asset Commercial Realty Group, LLC
A Full Service Commercial Real Estate Company
Pictures
3902-3910 Church Avenue,
Brooklyn, NY 11203
Presented by Asset Commercial Realty Group, LLC
A Full Service Commercial Real Estate Company
Aerial
PLEASE CONTACT EXCLUSIVE ADVISOR:
Albert AranbaevManaging Principal
albert@assetcrg.comDirect: (212) 918-9037Mobile: (718) 551-7746
Broker Cooperation is Welcome!
3902-3910 Church Avenue, Brooklyn,
NY 11203
6 Tenant Retail Building
Signalized Intersection
Building Size of 8,750 SF
100% Occupied
7.23% CAP Rate
Leasehold Interest with
43 years remaining
NOI: $151,933.04
ASKING PRICE:
$2,100,000
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