Assemblage of Mixed-Use Properties in Borough Park
5902-5912 New Utrecht Avenue
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TerraCRG has been exclusively retained to represent ownership in the sale of 5902 -5912 New Utrecht Ave, between 59th and 60th Street. Comprised of six adjacent mixed-use buildings with a combined square gross footage of 18,705, this is a rare investment opportunity to acquire an assemblage of this size in the Borough Park section of Brooklyn.
The properties are zoned M1-1 and made up of a mix of 10 free-market and rent-stabilized apartments with retail frontage along New Utrecht Avenue, the neighborhood’s prime retail corridor.
This mixed-use assemblage is part of a portfolio sale on the same block consisting of an additional 45,000 square feet of industrial space.
Convenient to all transportation, the properties are located directly in front of the B9 bus stops and 2 blocks away from the 62nd Street D & 63rd Street N train stations, where service is available to both Manhattan and South Brooklyn.