Office Building with Parking Lot in Borough Park

Overview

TerraCRG has been retained on an exclusive basis to market the sale of 6201 & 6310 15th Avenue, an office building and parking lot located in Borough Park, Brooklyn. 6201 15th Avenue is a four-story, built-out office building with approximately 151,357 gross square feet and 560 feet of frontage. The building underwent a full renovation in 2010 by current ownership who occupies the entire property and will occupy the property until June 2023. The owner’s will lease back both properties for $2MM/per year NNN with annual increases. 6310 15th Avenue is the neighboring parking lot across the avenue consisting of approximately 8,400 SF that is utilized for parking and fits approximately 40 cars. The land also provides an opportunity for further development.