406 Prospect Place

Corner Retail Condominium in Prospect Heights

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Overview

Key Highlights

  • Price $1,000,000
  • Location Prime Corner Location
  • Foot Traffic 74' of wrap around frontage with great exposure and foot traffic
  • Secure Cash Flow Leased by Bar Meridian through 2036 with 3% escalations annually

Overview

Investment Highlights

• Corner retail condominium totaling approximately 2,223 SF

• Prime corner location of Prospect Place and Grand Avenue with 74’ of wrap around frontage with great exposure and foot traffic

• Leased by Bar Meridian who has occupied the space since 2019, a robust business & neighborhood staple. The space is leased through 2036 with 3% escalations annually
• Blocks from Prospect Park, an ideal location surrounded by numerous restaurants, and cafes. With Washington Street being home to many of these neighborhood hot spots, there is significant foot traffic on a daily basis along this corridor

• Five blocks from the 2,3 & 4 lines at the Eastern Parkway - Brooklyn Museum subway station providing quick transportation throughout the five boroughs

Location

Our Team

Benjamin Vago

Benjamin Vago

Ariel Property Advisors
212.544.9500 Ext. 85
Nicole Daniggelis

Nicole Daniggelis

Ariel Property Advisors
212.544.9500 Ext. 58

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