Bank of America, Brooklyn, NY

Blue Realty Group is pleased to present the rare opportunity to acquire a brand new (2009 construction) Bank of America ground lease located in an urban infill New York City location. The subject property is approximately 4,920 total square feet located in Borough Park, Brooklyn, New York.

Bank of America is operating under a new 15-year NNN ground lease, with zero landlord responsibilities. The tenant has three 10-year option periods to extend the lease with 10 percent rental increases in each option. Bank of America is the largest financial services company in the world, largest bank by assets, and second largest commercial bank by deposits.

The subject property sits on the south east corner of 13th Avenue and 47th Street in the Borough Park section of Brooklyn, New York. Thirteenth Avenue is the major thoroughfare and retail corridor that runs through the heart of Borough Park and boasts a strong amount of both foot and vehicle traffic. The most active and congested blocks on 13th Avenue span between 43rd Street and 51st Street, positioning the subject property directly in the heart of this very strong and stable retail location.

The local area has tremendous demographics seeing a population of 1,055,857 within a three-mile radius and a population of 2,092,969 within a five-mile radius. Additionally, the immediate area has an average household income of $65,516 within a three-mile radius.

For serious buyers feel free to contact Blue Realty Group Inc. for further information at (office) 415-684-1650 or (cell) 415-845-3359 or (email) jblue@bluerealty.us. Building will be shown by appointment only.