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318 Knickerbocker Ave - The Knick Bushwick 21,824 SF Retail Condo Unit Offered at $16,602,880 CAD in Brooklyn, NY 11237
PROPERTY FACTS
| Total Building Size | 42,390 SF | Typical Floor Size | 7,526 SF |
| Property Type | Multifamily (Condo) | Year Built | 1931 |
| Property Subtype | Apartment | Lot Size | 0.34 AC |
| Building Class | B | Opportunity Zone |
Yes
|
| Floors | 4 | ||
| Zoning | R6 - Medium density residential district | ||
| Total Building Size | 42,390 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 4 |
| Typical Floor Size | 7,526 SF |
| Year Built | 1931 |
| Lot Size | 0.34 AC |
| Opportunity Zone |
Yes |
| Zoning | R6 - Medium density residential district |
AMENITIES
SITE AMENITIES
- Fitness Center
1 UNIT AVAILABLE
Unit 318-334
| Unit Size | 21,824 SF | Condo Use | Retail |
| Price | $16,602,880 CAD | Sale Type | Investment or Owner User |
| Price Per SF | $760.76 CAD | Sale Conditions | Bulk/Portfolio Sale |
| Unit Size | 21,824 SF |
| Price | $16,602,880 CAD |
| Price Per SF | $760.76 CAD |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
| Sale Conditions | Bulk/Portfolio Sale |
SALE NOTES
PRIME BUSHWICK
RETAIL CORRIDOR
Positioned on Knickerbocker Avenue — a high-visibility, high-foot-traffic corridor in the heart of Bushwick — surrounded by a dynamic mix of national retailers and local businesses.
VALUE-ADD RETAIL
OPP ORTUNIT Y
Two of the five retail units are currently vacant, presenting an attractive opportunity for a purchaser to capture upside through immediate lease-up or to occupy the space for their own use.
ICIP ABATEMENT
The Assemblage benefits from a 25-year ICIP Tax Abatement which is due to expire in 2038
SERVICE ORIENTED & TRADITIONAL RETAIL TENANCY MIX
Current tenants include Oak Street Health
[acquired by CVS in 2023], which operates as a primary healthcare facility for the elderly, along with a laundromat and a clothing retailer serving the local community.
EXCELLENT TRANSIT ACCESSIBILIT Y
Located within short blocks from the L and M subway lines, providing quick access to Manhattan and other parts of Brooklyn —
a key driver of both residential and retail demand.
STRONG DEMOGRAPHICS &
DEMAND DRIVERS
Located in one of Brooklyn’s fastest-evolving neighborhoods, fueled by a growing population of young professionals, artists, and creatives. Recent years showed a strong increase in residential demand with median gross rents exceeding a 68% increase from 2006 to 2023 - higher than the city average.
CONTACTS
-
Andreas Efthymiou -
Stephen Preuss -
Kevin Schmitz -
Jack Rovner -
Thomas Tyne -
Ripco Real Estate
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318 Knickerbocker Ave - The Knick Bushwick
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