JLL has been retained on an exclusive basis to represent the sale of 555 Fifth Avenue, a two-story retail building in Park Slope, Brooklyn. The building is anchored by two credit tenants, and expects to benefit from the issuance of a 15-year ICAP Tax Benefit.
Premier Retail Location
Stretching from Flatbush Avenue to Prospect Avenue, the Park Slope Shopping District is concentrated on 5th Avenue. In this area, consumers spend 80% more than the national average on apparel, services, entertainment and food.
Leased to national credit tenants.
The Property expects to benefit from the issuance of a 15-year ICAP tax benefit.
Manhattan in 20 Minutes
Just two blocks from the Prospect Avenue r subway, the property has quick access to Downtown Brooklyn (15 minutes) and Manhattan’s Financial District (20 minutes). Also 2 blocks from the Brooklyn-Queens Expressway (I-278) and Prospect Expressway (Rt 27) the property has immediate access to major thoroughfares throughout the NY Metro area.