Press Release brought to you by Cushman & Wakefield Capital Markets Group New York

Cushman & Wakefield Retained Exclusively to Sell Mixed-Use Building in Williamsburg

06/02/2015

Cushman & Wakefield has been retained on an exclusive basis to sell a mixed-use building at 210 Bedford Avenue.  The property is located between North 5th and North 6th Streets in the heart of Brooklyn’s Williamsburg neighborhood.  The asking price is $7,000,000. 

The three-story building contains approximately 2,510 square feet on a 20’ x 55.5’ lot.  Completely renovated, it consists of a vacant, luxury duplex apartment above an approximately 880-square foot retail space occupied by Juice Generation.

This offering presents an opportunity to own a retail asset in the heart of Brooklyn’s most energetic corridor where retail rents are the strongest in the borough.  Over the past year, notable national tenants such as Apple, Whole Foods, J. Crew, Starbucks, and Soul Cycle have arrived within a few blocks of the property.  This turnkey investment has room for growth in the net income and will provide the new owner with substantial cash flow for many years to come.

“An opportunity to own an asset with great cash-flow, on the premier retail corridor in Brooklyn, in this kind of turnkey condition rarely, if ever, presents itself,” said Cushman & Wakefield’s Brendan Maddigan, who is exclusively marketing this property.

06/02/2015 - 19:30

Source

Cushman & Wakefield Capital Markets Group New York

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