Closed 05/15/2014

Five Commercial Buildings In Red Hook

12-18 Commerce Street

Red Hook

Closed 05/15/2014 at
$1,850,000

Cross Streets Richards St and Columbia St
Stories 2+Basement
Building Class E9
Above Grade SF 8,024
Buses
B67
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Industrial/Office 12-18 Commerce Street, Red Hook
Ofer Cohen
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Details

Block_Lot 512_1
Lot Dimensions 107.57 ft x 100 ft irreg.
Approximate Lot SF 8,990
Zoning M1-1
Buildings 5
Basement SF 3,196
Available Air Rights 966

Overview

TerraCRG has been retained to exclusively represent the sale of the commercial property at 12-18 Commerce Street in Red Hook, Brooklyn. The property is located only a couple blocks from the entrance to the Hugh L Carey Tunnel (Brooklyn-Battery Tunnel) making the drive into lower Manhattan less than five minutes, and also conveniently located just off the Brooklyn-Queens Expressway (I-278) for easy travel to all NYC’s borough’s and Long Island.

The 107 ft x 100 ft irregular lot consists of five buildings with a total of 11,220 Gross SF and a shared approximate 966 SF courtyard on the interior of the property. There are several tenants currently in place occupying the buildings as music studios, offices and storage. The largest building on the lot with a total of over 6,000 usable SF will be delivered vacant at closing ideal for an owner/user looking to occupy the space while collecting income from the neighboring tenants.

Located between Richards Street and Columbia Street, the property is only a block and a half off Red Hook’s main commercial corridor Van Brunt Street.

Red Hook continues to see new commercial developments including the Estate Four development only two blocks away from the property located at the former New York Dock Building at 160 Imlay Street. The project will become an artistic hub targeting local artists, musicians and models.

Attractions

Red Hook’s current eclectic mix of living artists and industrial businesses create a neighborhood coined “residustrial” in 2008 by artist and resident John P. Missale. Red Hook also contains several parks, including Red Hook Park. Red Hook is also the site of a large ikea store (346,000 SF) that opened in 2008.

Fairway Market
Ikea
Whole Foods Market
Est4te Four

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