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136-144 N 8th St - The Finger Building - Retail Condo Unité de condo • Commerce de détail • 20 192 pi² • Brooklyn, NY 11249
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Fully leased retail condominium providing immediate, reliable cash flow from nine tenants.
- Prime Williamsburg location with triple street frontage along North 7th, North 8th, and Berry Streets.
- Below-market rents with upcoming expirations in 2027 and 2030 present strong mark-to-market upside.
- Weighted average lease term of 7.0 years, ensuring income stability over the near term.
- Close proximity to Bedford Avenue L train offers rapid access to Manhattan in under 10 minutes.
- Existing ICIP tax abatement in place for seven more years, enhancing operating efficiency and investor returns.
Résumé de l'annonce
Street frontage along North 7th, North 8th, and Berry Streets within the Williamsburg neighborhood. The asset is fully leased to multiple tenants and benefits from proximity to public transportation, positioned one-half block from the Bedford Avenue subway station. The surrounding area supports a strong retail environment with high population density and consumer spending levels.
1 Unité disponible
- Unité
- Taille de l’unité
- Utilisation du condo
- Prix
- Revenu net d’exploitation
| Type de vente | Investissement |
| Type de vente | Investissement |
Notes sur la vente
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.
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.
| Unité | Taille de l’unité | Utilisation du condo | Prix | Revenu net d’exploitation |
| Unité RETAIL | 20 192 pi² | Commerce de détail | Sur demande | - |
Unité RETAIL
| Taille de l’unité |
| 20 192 pi² |
| Utilisation du condo |
| Commerce de détail |
| Prix |
| Sur demande |
| Revenu net d’exploitation |
| - |
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Unité RETAIL
| Taille de l’unité | 20 192 pi² |
| Utilisation du condo | Commerce de détail |
| Prix | Sur demande |
| Revenu net d’exploitation | - |
| Type de vente | Investissement |
| Notes sur la vente | |
| Fully Occupied Retail Condo with Secure, Long-Term Cash Flow<br> 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.<br> <br> Near Term Mark-to-Market Opportunity <br> 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. <br> <br> Irreplaceable Williamsburg Location with Robust Demographics <br> 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.<br> <br> Exceptional Transportation Access to all of NYC<br> The Property is located one-half block from the Bedford Avenue train for access to Union Square in Manhattan in under 10 minutes.<br> <br> In-Place ICIP with 7 Years Remaining<br> Investors will benefit from abated taxes for an additional 7 years, keeping operating expenses minimal as leases turnover and revenue improves.</li></ul> |
Faits sur la propriété
Les informations ci-dessous concernent l’ensemble de l’immeuble. Les caractéristiques propres à chaque lot peuvent varier et sont précisées dans la description du lot présenté ci-dessus.
| Taille totale du bâtiment | 20 192 pi² | Planchers | 1 |
| Type de propriété | Immeuble residentiel (Condo) | Superficie de plancher typique | 20 192 pi² |
| Sous-type de propriété | Appartement | Année de construction | 2009 |
| Classe d’immeuble | A | Taille du lot | 0,57 AC |
| Zonage | R6B - Medium Density Residential District | ||
| Taille totale du bâtiment | 20 192 pi² |
| Type de propriété | Immeuble residentiel (Condo) |
| Sous-type de propriété | Appartement |
| Classe d’immeuble | A |
| Planchers | 1 |
| Superficie de plancher typique | 20 192 pi² |
| Année de construction | 2009 |
| Taille du lot | 0,57 AC |
| Zonage | R6B - Medium Density Residential District |
Exceptionnellement practicable à pied
100/100
Relativement facile d'accès en voiture
30/100
Transports en commun exceptionnels
100/100
Exceptionnellement practicable à vélo
90/100
Renseignements importants sur le locataire
| LOCATAIRE | pi² Occupé | DATE DE FIN DE BAIL |
|---|---|---|
| Crossroads Trading Co. |
-
|
février 2021
|
| Beth Israel Urgent Care |
-
|
avril 2022
|
| Apollo Bagels |
-
|
août 2037
|
| DNA Footwear-Williamsburg |
-
|
juin 2021
|
| Antica Pesa |
-
|
avril 2022
|
| Egg Shop of Williamsburg |
-
|
février 2027
|
| 16 Handles |
-
|
juillet 2022
|
1 de 7
Vidéos
Visite extérieure 3D Matterport
Visite 3D Matterport
Photos
Vue depuis la rue
Rue
Carte
Présenté par
136-144 N 8th St - The Finger Building - Retail Condo
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