827 SF Retail Condo on Prominent Retail Corridor
7115 Third Avenue, Brooklyn, NY 11209
X27, X37, B9, B64
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TerraCRG has been retained to exclusively represent ownership in the sale of the commercial condo unit at 7115 Third Avenue in the Bay Ridge Section of Brooklyn.
The offering, unit 2, is one of two commercial units in 7115 Third Avenue, a four-story, 15,930 square foot mixed-use condominium building. The approximately ~ 827 square foot space sits on the prime Third Avenue retail corridor. The space will be delivered vacant making it ideal for both users and investors. Retail rents along this section of Third Avenue are averaging $60/SF.
Bay Ridge’s strong commercial corridors along Third and Fifth Avenues provides a dynamic retail environment featuring an array of restaurants, banks, boutiques and national tenants such as Rite Aid, NY Sports Club, Flushing Bank, Investors Bank, Citibank, Starbucks and McDonald’s, to name a few.
Bay Ridge has seen 55% growth in dollar volume over the last three years and is continuing to transform as Brooklynites flock to the area looking for more affordable and quality living options.
Bay Ridge offers an easy 40-minute commute to Manhattan via the R train at the Bay Ridge Avenue station or the x27, x37 express buses. In addition, beginning July 2017, ferry service will be offered at the 69th Street providing access to Wall Street. The Gowanus Expressway via the 65th Street entrance and the Verrazano Bridge are in proximity as well.