212-372-2165
136-144 N 8th St, Brooklyn, NY for Sale
Apartments CONDO - FOR SALE
1/6
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136-144 N 8th St
Brooklyn, NY 11249
Williamsburg


HIGHLIGHTS

  • Fully leased retail condominium providing immediate, reliable cash flow from nine tenants.
  • Weighted average lease term of 7.0 years, ensuring income stability over the near term.
  • Prime Williamsburg location with triple street frontage along North 7th, North 8th, and Berry Streets.
  • Close proximity to Bedford Avenue L train offers rapid access to Manhattan in under 10 minutes.
  • Below-market rents with upcoming expirations in 2027 and 2030 present strong mark-to-market upside.
  • Existing ICIP tax abatement in place for seven more years, enhancing operating efficiency and investor returns.

OVERVIEW

Fully Occupied Retail Condo with Secure, Long-Term Cash Flow The Property is 100% leased with a 7.0-year WALT, delivering immediate, stable income from 9 tenants across 20,192 SF of prime Brooklyn retail. Near Term Mark-to-Market Opportunity Several tenants are substantially below market with lease expirations in 2027 and 2030, offering near term mark-to-market opportunity to re-lease at rents in-line with the current market. Irreplaceable Williamsburg Location with Robust Demographics The Property's triple frontage on North 7th, North 8th, and Berry Streets are at the epicenter of Williamsburg's luxury retail scene, with a total consumer spend of $2 billion within a 1 mile radius. Exceptional Transportation Access to all of NYC The Property is located one-half block from the Bedford Avenue train for access to Union Square in Manhattan in under 10 minutes. In-Place ICIP with 7 Years Remaining Investors will benefit from abated taxes for an additional 7 years, keeping operating expenses minimal as leases turnover and revenue improves.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Finger Building - Retail Condo

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

20,192 SF

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

R6B

APN/PARCEL ID

02319-1001,02319-1013,02319-1026

ASK ABOUT THIS PROPERTY

Daniel O'BrienNewmarkMore Info
212-372-2165

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Daniel O'BrienNewmarkMore Info
212-372-2165

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.