Ariel Property Advisors presents 66 Washington Avenue, Unit 4C, a flex office/commercial loft condominium on the second floor of a newly renovated condominium building comprised of retail, office and residential units. Situated on the West side of Washington Avenue between Flushing and Park Avenues, the property is located within an Opportunity Zone as established in the recent federal Tax Cuts and Jobs Act (TCJA) which provides significant tax benefits to the next owner. The 1,393 square foot condo will be delivered vacant and boasts high ceilings, HVAC, a kitchen area and bathroom. Co-tenancy in the building includes the 66 wine bar and a soon to be opened artist studio/bookstore. The block has experienced tremendous revitalization in the past year alone, with the office redevelopment at 77 Washington Avenue and the retail development at 43 Washington Avenue, both directly across the street. Additionally, the property is just one block from The Hall, RXR's 665,901 square foot, 10-building office complex, currently nearing completion. The location presents an opportunity to establish a presence close to successful neighboring tenants on a block such as Steiner Film & TV Studios, Brooklyn Roasting Company, CKO Kickboxing, Body by Brooklyn, Chase Bank, Grapeshot Wine & Spirits, Il Porto Restaurant, and Dough Bakery/Cafe. Bounded by the Brooklyn Navy Yard to the North and the Pratt Institute to the South, 66 Washington Avenue is poised to benefit from a multitude of factors. The Navy Yard has seen the expansion of Steiner Studios where the Feirstein Graduate School of Cinema was recently launched at the corner of Washington and Flushing Avenues. Active developments within the Navy Yard include Building 77, a one million square-foot office/retail redevelopment and Dock 72, a 675,000 square foot ground up office building anchored by WeWork. The property sits just a few blocks north of the G and C trains and also has direct access to the B62 and B57 bus lines at either end of a block, both providing direct service to Downtown Brooklyn. With a prime location in an Opportunity Zone, 66 Washington Avenue is an excellent option for an investor or owner user to enter an already rapidly growing neighborhood with considerable upside.
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