3,125 SF industrial building in East Williamsburg
1053 Flushing Avenue
Closed 09/13/2016 at
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TerraCRG, Brooklyn’s leading commercial real estate brokerage firm, announced the sale of an industrial building located at 1053 Flushing Avenue, between Vandervoort Place and Knickerbocker Avenue in Brooklyn’s East Williamsburg neighborhood. Dan Marks and Daniel Lebor were the sole brokers in this transaction. The property sold for $2M, which equates to approximately $640/SF.
Zoned M1-1, the two-story industrial building contains approximately 3,125 SF on a 25 ft x 100 ft irregular lot.
The property is ideally located in East Williamsburg, a prime destination for the art community and creative types seeking spaces for galleries, music studios and lofts. In addition to factories, warehouses and lofts in the area, Zagat-rated restaurants such as Roberta’s and large music venues like The Wick both thrive in the neighborhood. The area’s convenient access to Manhattan coupled by bars, restaurants, shops and a lively music scene are the main draws for the new demographic that has been moving to the area.