Overview
RIPCO Real Estate is exclusively marketing for sale the property located at 2940 Cropsey Avenue in Brooklyn, NY.
The property is an attractive retail opportunity with strong tenants, including Chipotle and a Bank of America ATM, with leases in place through Q1 2032. Located on a prime blockfront off Belt Parkway 6S exit, with 200 feet of frontage at two corners, the property offers excellent exposure and steady traffic.
The building features a drive-thru ATM, parking on a 20,000 sq ft lot, and minimal landlord responsibilities with rent increases in 2027. Its strategic location in the Greater Coney Island area boosts visibility and traffic.
Investment Highlights
Fully Leased ‘NN’ Retail Occupied by Chipotle & Bank of America ATM
Both tenants committed through Q1 2032, providing a predictable in-place cash flow.
Stable Cash-Flow with Predictable Investment Yield
Minimal landlord responsibilities and built-in rent increases, with the next rent increase approaching in 2027.
Modern Freestanding Building with Drive-Thru ATM and Dedicated Parking
Recently constructed building, on a ~20,000 SF lot with two egress/ingress access points and ample parking.
Greater Coney Island Gateway Location
The property is located in a key gateway position that serves the greater Coney Island trade area, leading to increased traffic volume, providing excellent visibility and convenience.
