The Nowak Group of Marcus & Millichap has been retained to offer 111 Bruckner Boulevard, a fully renovated 30,000 SF (25,016 SF fully above grade), five story loft building on a 5,300 SF corner lot at the front door of the Mott Haven waterfront district. Built in 1931 and substantially rebuilt over the last five years, the building carries zero deferred maintenance and can be delivered completely vacant or with the existing leases in place, at the buyer's election.
The property occupies a hard corner at 53 feet of frontage by 100 feet of depth on a wide street, which gives every floor windows on multiple exposures and light and air that a midblock building of this size cannot match. Ceiling heights average 12 feet across the floor plates. A 5,000 SF rooftop sits above, currently vacant and available for tenant amenity space, an outdoor play or recreation area for a school, terraces for residential units, or building systems.
Ownership has invested approximately $1.85 million since 2020: a new roof, elevator modernization, new windows throughout, all new plumbing risers and new bathrooms, upgraded electrical service, facade repointing and brick replacement, sprinkler system repair, and a new lobby and new entrances. The envelope is dry and re-glazed, vertical transportation is modernized, the building is sprinklered, and power, waste and water lines have been replaced. A buyer is acquiring a repositioned building, not a renovation, and can direct capital to fit-out rather than to base building repair.