Kalmon Dolgin Affiliates has been retained on an exclusive basis to arrange the sale of 40-48 Lombardy Street an attractive Retail OPPURTUNITY in the heart of Greenpoint Brooklyn on a partially residential block.
40-48 Lombardy Street is an assemblage of two (2) retail properties with an aggregate of 10,000 square feet. The buildings are built full. The retail is leased to two (2) separate tenants. One whose lease is up in 10 months and the other with 7 remaining years.
Both leases are set to expire within one to six years with only one unit having an option.
The property is zoned M1-1 with a FAR of 1.0. The tenant who has 6 years left on his lease will receive a 3% increase in January.
The building is located on a heavily trafficked street opposite the Staples / Auto Zone Shopping Center and has high visibility to the BQE and Meeker Avenue. There is street parking and multiple transportation options within walking distance.
There is drive in loading and limited parking for tenants in front of the building. 40-48 Lombardy Street presently offers an unmatched opportunity to own a substantial retail asset in Greenpoint, Brooklyn.