Commercial Condo Unit
6911 Shore Road
B9, B16, B64, x27, x37
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TerraCRG has been retained to exclusively represent ownership in the sale of the commercial condo unit at 6911 Shore Road in Bay Ridge, Brooklyn.
The offering, unit #1A, is the only commercial unit in 6911 Shore Road, a six-story, 22,049 square foot building that contains 17 luxury condominiums. The approximately 1,500 square foot fully-sprinklered commercial duplex features two bathrooms, an HVAC system, hardwood floors and ceramic tiles throughout. The unit offers three entry points: direct street access on Shore Road, rear access from the parking lot and handicap access through the main lobby of the building.
The commercial condo is in the 13th year of a 15-year 421a tax abatement, with low taxes for the remaining two years. Currently occupied by a well-established high-end hair salon, the space will be delivered vacant, making it ideal for an owner/user or investor looking to bring in their own tenant. Retail rents in the neighborhood average $40/SF, with medical office rents averaging $35/SF.
The property is accessible via the R train at the Bay Ridge Avenue stop, the B19, B16 and B64 buses and the x27, x37 express buses, providing access to Manhattan in just 40 minutes. The Gowanus Expressway and Belt Parkway, with access to the Verrazano Bridge, are also in close proximity. Additionally, in the beginning of spring 2017, ferry service at the 58th Street pier will be offered.
Bay Ridge continues to transform as Brooklynites flock to the area looking for more affordable and trendy living options. The neighborhood’s strong commercial corridors feature an array of restaurants and boutiques, providing a dynamic retail environment. Additionally, Bay Ridge is very well-known for its excellent medical care options. The area is home to several nationally recognized hospitals, including NYU Lutheran Medical Center and SUNY Downstate Medical Center. Bay Ridge Parkway is nicknamed “Doctor’s Row”, offering various types of physician services.