373 S 1st St - Storefront Retail/Office FOR SALE


Brooklyn, NY 11211- Williamsburg
$2,500,000 USD
646-373-7944
373 S 1st St, Brooklyn, NY for Sale
$2,500,000 USD
Storefront Retail/Office - FOR SALE
1/27
null | Request Cap Rate

373 S 1st St
Brooklyn, NY 11211
Williamsburg


HIGHLIGHTS

  • 11' Ceilings
  • Hardwood Floors
  • 63' of frontage on Borinquen Place
  • Lots of light

OVERVIEW

Free market prime Williamsburg corner building with heavy foot traffic, just off the Williamsburg Bridge. 3,909 gross square feet (approx). Built 2,606 square feet (approx). Lot measures 41.11’ x 63.34’ x 75.54’. 63 feet of frontage on Borinquen Place. 11’ ceilings. The building is currently configured as two residential lofts on the first & second floor plus a cellar - basement , but it can be redeveloped to suit other uses. Delivered with first floor vacant. Hardwood floors and bright natural light. Steps from G, J, and M trains, easy street parking. The lofts are currently occupied with residential leases, producing a gross annual income of $104,400, with leases expiring in July and September of this year. An incredible redevelopment opportunity with endless potential: build up to six apartments, create a mixed-use space, or go fully commercial. Contact an architect to explore all possibilities for this property, we recommend our trusted architects at Future Made.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$959 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R6

APN/PARCEL ID

02399-0024

ASK ABOUT THIS PROPERTY

Daniel BarcelowskyEvergreen Realty & InvestmentsMore Info
646-373-7944

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Daniel BarcelowskyEvergreen Realty & InvestmentsMore Info
646-373-7944

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