Bankruptcy Sale: Below Market Lease for Turnkey Organic Market and Cafe in Brooklyn

BANKRUPTCY SALE (Subject to Court Approval)
BELOW MARKET LEASE ON TURNKEY ORGANIC

OFFER DEADLINE: DECEMBER 12, 2017

Situation Overview

Keen-Summit Capital Partners LLC has been engaged by Fresh Fanatic, Inc., debtor, as their exclusive real estate broker for the marketing and disposition of a below market lease on a turnkey market in Brooklyn.

Area Overview

This turnkey market is located at 275 Park Ave, a/k/a 88 Washington Ave, Brooklyn, NY.  The building is known as The Chocolate Factory Building and is in a desirable corner location.  This is a vibrant, growing neighborhood strategically bordering Fort Greene and Clinton Hill.  The property is located 1 block from the Brooklyn Navy Yard and Steiner Studios.

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Property Highlights

Leased Space:  4,500 sq. ft. on Ground Floor plus 1,500 sf Basement and Rooftop Billboard

Lease Expiration Date:  9/30/2020 with 2 – 5 year options

Rent as of 10/1/17:  $166,935 annually with 3% annual increases

Summary Highlights:

  • Below Market Lease in Vibrant, Growing Neighborhood
  • Turn-key Organic Food Market & Cafe
  • Strategically bordering Fort Greene, Clinton Hill & Brooklyn Navy Yard/Steiner Studios
  • Desirable Corner Location
  • Includes Furniture, Fixtures and Equipment
  • Free Public Parking Across Street
  • Easy Access to Public Transport/Major Expressways
  • 1 mi. radius: Population – 164,000, Avg. HH inc. – $82,881

Fresh Fanatic Flyer

Contact

Craig Fox
(646) 381-9203

Doug Greenspan
(646) 381-9218