Closed 12/12/2018

NNN Retail Building w/ Development Potential

747 Fourth Avenue

Greenwood Heights

Closed 12/12/2018 at

15,017 SF Lot Size
7,608 Gross BSF
M1-1D Zoned
24th & 25th Street Cross Streets
Dunkin Donuts Current Tenant
Other Transportation
Citibike, NYC Ferry at Industry City
Request More Info
Would you like to know more?

I would like to be contacted:

Are you in a 1031 Exchange?

Retail 747 Fourth Avenue, Greenwood Heights
Dan Marks
Have Dan contact you

Want Dan to contact you?

I would like to be contacted:

Are you in a 1031 Exchange?


Block-Lot 652-1
FAR 1.0
Stories 1
Parking Lot Available


TerraCRG has been retained to exclusively represent ownership in the sale of 747 Fourth Avenue, a free-standing NNN
leased retail building with future development potential in the Greenwood Heights section of Brooklyn.

Situated at the corner of Fourth Avenue and 25th Street, the 150 ft x 100 ft, M1-1D zoned lot is improved by a 7,600 SF
building with a 7,400 SF parking lot/drive-thru. The existing retail building is currently NNN-leased by Dunkin’ Donuts, with
two years remaining on the lease and two, five-year options with the first option resetting at fair market value. The rent is
currently significantly below market.

An opportunity for both investors and developers looking to acquire a prime corner commercial property, 747 Fourth
Avenue is only a few blocks from Industry City – one of the largest office developments in the borough – and easily
accessible via the R train at the 25th Street station, the Prospect Expressway and the BQE. The neighborhood’s growth has
spurred in large part of its excellent transportation infrastructure. The Gowanus Expressway, which hovers above Third Avenue, provides access to Manhattan and New York’s outer boroughs.


Sunset Park is one of the fastest growing commercial neighborhoods in New York City, with over 20,000 people currently employed in the manufacturing and industrial sectors. Sunset Park has quickly become a hub for growing businesses. The surrounding retail corridor has seen tremendous amounts of development since the 2003 rezoning including the addition
of shopping centers, hotels, restaurants, and cafes. Demand for commercial space has surged throughout Brooklyn due to
the reduction of commercially zoned areas.

Brooklyn Neighborhood Guides

Our neighborhood guides tell you everything you need to know about Brooklyn, from comprehensive market data to the best places to eat, shop and play.

Learn More >