247 Varet St, Brooklyn, NY 11206

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of a brick mixed-use building located at 247 Varet Street in East Williamsburg, Brooklyn. The building's commercial space, which is built full on the lot, is leased to a popular neighborhood bar/coffee shop, Ange Noir Café until 2027. The lease warrants additional income for commercial tenant's portion of taxes and utilities that has not been collected by current owner. Located just three blocks from the Morgan Avenue L Train Station, 247 Varet Street is an exciting opportunity to invest in one of the borough's most distinct and rapidly developing neighborhoods. Along with nearby favorites like Roberta's, Blanca, Swallow Café and Arrogant Swine, the area - recently dubbed "Morgantown"- has received a great deal of distinction for its desirability as a creative-office destination. Some well-known projects in the pipeline include 13 Grattan Street, 215 Moore Street and 56 Bogart Street, among others.