Mixed-Use Property For Sale

Highlights:

• Residential Owner-User: Third and fourth-floor residential condos feature floor-to-ceiling windows, built-in appliances to match kitchen cabinetry, proper two bedroom layouts, en-suite his and hers bathrooms, and in-unit laundry.
• Commercial Owner-User: Second floor commercial space is on a month-to-month lease, perfect for a private medical practice, family office, destination retail, etc.
• Retail Cash Flow Plus Upside: The ground floor tenant’s lease runs through 2029, with current rent at $120 / SF ($13,000 / mo.). Projected retail rents on this block are expected to increase dramatically with the completion and lease up of nearby developments.
• Neighborhood Growth: Tishman Speyer’s The Wheeler, a 622K SF Class-A office project and 11 Hoyt, a luxury condo building, are directly across the street, bringing additional foot traffic and notoriety to the immediate neighborhood.
• Proximity to Major Market Center: Within ¾ mile of Barclays Center, MetroTech Center, and Fulton Mall.
• Available / Unused Air Rights: The property benefits from 9,500 BSF (ZFA) of unused air rights, available for expansion or disposition.
• Transportation Accessibility: Within blocks of the 2, 3, 4, 5, A, C, F, & R trains, with access all over NYC and the boroughs.

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