109 N 6th St, Brooklyn, NY 11249

Marcus & Millichap is pleased to exclusively offer 109 North 6th Street. The opportunity consists of 8,400 SF, throughout a 3 story brick structure, on a 28 x 100 SF lot. The property also contains a full 28’ x 100’ basement growing the total SF to 11,200 SF allowing for a total rentable SF of 10,080. With current favorable zoning, M1-2/R6A/MX-8, an investor has the ability to reposition this rare asset into a flagship retail or mixed use structure, in order to capitalize on the already thriving corridor between Berry Street and Wythe Avenue. Being delivered entirely vacant with a solid existing structure, 109 North 6th Street offers a blank canvas for an investor to reposition an asset on arguably one of the best retail corridors in all of Brooklyn. North 6th Street has consistently been nipping at the heels of Bedford Avenue for the most expensive retail corridor in Williamsburg. With a recent retail lease on North 6th Street being signed at $270 per SF by an international perfume company and asking rents north of $350 per SF, North 6th continues it’s international, national, and local appeal. Retailers are flocking to North 6th to capitalize on the growing strength of the corridor with national brands like American Apparel, Rituals, Urban Outfitters, CVS Pharmacy among others already existing on North 6th Street. Major national retailers such as Starbucks, J. Crew, Whole Foods, and Apple are just a few of the names already within a block or two of 109 North 6th Street. With 28 ft of frontage and a unique awning that will allow a retail tenant greater exposure for their brand, this is a trophy asset that will rapidly appreciate as Williamsburg continues to develop. An investor who is looking to sell the asset after re-development can expect a sale in the cap rate range of 4% - 4.25%. There are comps in the area to support that pricing (ask agent for details).