Closed 08/16/2016

Vacant Corner Building with Over 2,400 SF of Retail

628 Knickerbocker Avenue

Bushwick

Closed 08/16/2016 at
$2,025,000 | $380 per SF

5 Total Units
4 Residential Units
1 Commercial Unit
5,275 Gross SF
Woodbine Street & Madison Street Cross Streets
Subways
l
m
Request More Info
Would you like to know more?

I would like to be contacted:

Are you in a 1031 Exchange?

Retail/Mixed-Use 628 Knickerbocker Avenue, Bushwick
PDF
Matthew Cosentino
Have Matthew contact you

Want Matthew to contact you?

I would like to be contacted:

Are you in a 1031 Exchange?

Details

Block 3361
Lot Size 25 ft x 100 ft
Building Size 25 ft x 57 ft
Building Class S4
Zoning R6
Stories 3
Lot SF 2,500
FAR 2.2
Buildable SF 5,500

Overview

TerraCRG has been retained to exclusively represent ownership in the sale of the building located at 628 Knickerbocker Avenue in the Bushwick neighborhood of Brooklyn.

The vacant 5,275 SF building is in a prime location on Knickerbocker Avenue between Woodbine Street and Madison Street. A few short blocks from the L and M subway lines (Myrtle/Wyckoff station), providing easy access to all points in Brooklyn and Manhattan.

It is a prime corner building, one of 11 retail buildings on the Knickerbocker corridor between Myrtle Avenue and Putnam Avenue. The vacant building features 11.5 ft high ceiling heights in the retail spaces and over 2,400 SF of retail on Knickerbocker Avenue. All units are free market.

The building consists of two retail spaces and four residential units. After renovation the residential units can be converted to two and three bedrooms. At market rate rents after renovation, the building has gross rent potential of approximately $210,000/year.

 

Attractions

The property is located in one of the most rapidly changing areas of Brooklyn. It has easy access to many of the national retailers that have come to the neighborhood such as Starbucks and Planet Fitness. The building is also close to many of the new exciting bars and restaurants that have opened such as Bushwick Pizza Party, Old Stanley’s Bar, Trans Am Cafe and many more.

Maria Hernandez Park

Similar Listings

Brooklyn Neighborhood Guides

Our neighborhood guides tell you everything you need to know about Brooklyn, from comprehensive market data to the best places to eat, shop and play.

Learn More >