Mixed Use Property- Four Residential with Two Commercial Spaces

Description:

Ariel Property Advisors has been retained to sell 207 Knickerbocker Avenue, four residential units above two commercial spaces located on the North side of the street between Troutman Street and Jefferson Street in the Bushwick neighborhood of Brooklyn.

The subject property is a 4,500 square foot, three story walk-up, featuring two stores on the ground floor and four apartments above. The two retail stores face heavily trafficked Knickerbocker Avenue. The residential portion of the property consists of four, potentialy rent stablized one bedroom residential units. There are two retail spaces with one space occupied by a popular Mexican food restaurant that has been there for over ten years, and the other space will be delivered vacant.

Though the building is occupied by tenants at below market rates the building is in good working order with a well maintained roof, heating system, and an upgraded electrical system.

The property takes advantage of its prime Bushwick location, just two blocks from the L and M train stations and only one block from the B60 Bus line. The high trafficked area and the close proximity to Manhattan is the reason for the areas resurgence and growth. The retail in this area of Bushwick is significantly improving with new restaurants and beautifully renovated shops. This area of Bushwick is home to well know establishments such as House of Yes, Robertas, Friends NYC, Kings County Brewers Collective, Syndicated, the Brooklyn Bunna Cafe, Heavy Woods, Molasses Books, Alphaville, Foster Sundry and much more. In addition the property is in close proximity to Maria Hernandez Park.

For more information as well as a complete marketing book please contact our office.

Documents: