Chase Bank — Sale in Brooklyn, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Brooklyn, NY 11235

Investment Figures

Cap rate
4.75%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Institutional Property Advisors (IPA) is pleased to present for sale a NNN Chase Bank in the Brighton Beach Neighborhood of Brooklyn, New York. The property, built in 1942, consists of 16,900 square feet of Gross Leasable Area (GLA) and is situated on a 23,479 square foot lot. Investment Highlights: • Chase extended the lease for 10 years starting 1/1/2023 with no options to renew thereafter. 9% rent increases every 3 years throughout the term, last increase lasting 4 years through the lease's end. • Lease corporately guaranteed by Chase, the largest Bank chain in the United States with over $4.35 trillion in assets. This branch holds $714,805,000 in deposits as of 6/30/2024. • Subject property strategically located at a four-way signalized intersection with over 24,000 vehicles per day and steps from the Brighton Beach subway station (B,Q)

Market Context

This retail in Brooklyn, NY is listed for sale. It is offered at an approximate 4.8% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 101 days. Compare it against other retail listings for sale in Brooklyn, NY — view the full market.

As of Q1 2026, the New York City Area retail market showed a 4.2% vacancy rate, average asking rents near $54.00/SF/yr, and cap rates around 6.2%.

Its 4.8% asking cap rate is below the New York City Area retail market average of about 6.2%, reflecting premium pricing relative to comparable assets. Tight vacancy keeps competition for quality space elevated.

Retail market FAQ

What is the typical cap rate for retail in New York City Area?
About 6.2% as of Q1 2026.
Is the New York City Area retail market tightening or softening?
Vacancy is around 4.2% (Q1 2026).

Estimated Market Rate

$730.53/SF – $988.37/SF

Mid: $859.45/SF

Rate estimator only; cost-of-business estimate unavailable.

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