Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of a three-story, mixed-use building located at 355 Bedford Avenue in Williamsburg, Brooklyn. The 4,140 SF property comprises two free-market apartments above a retail space currently occupied by a Pilates studio. The commercial lease expires in September of 2017 with a two-year renewal option at an improved rate of $4,800 per month. Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of a three-story, mixed-use building located at 355 Bedford Avenue in Williamsburg, Brooklyn. The property is just 4 blocks from the J M Z train station offering direct access to Manhattan without transfers; the L and G trains are also in close proximity. The planned 3.3 million SF Domino Sugar Refinery mega-development will generate increased foot traffic and bring additional amenities to the neighborhood. Other notable projects nearby include The Oosten condominiums at 429 Kent Avenue, The Garnett residences at 146 S 4th Street, 13-story, 82-unit mixed-use building at 282 S 5th Street, and an 856-unit 3-building residential waterfront development. The property earns approximately $150,000 annually - well below the projected potential income. 355 Bedford Avenue also offers an opportunity to add a fourth floor utilizing additional development rights.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
