Mixed-Use Building in Borough Park

1352 59th Street

Borough Park

Cross Streets 13th Ave & New Utrecht Avenue
Building Dimensions 20 ft x 52 ft
Lot Dimensions 20 ft x 525 ft
Stories 3
Subways
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Mixed-Use 1352 59th Street, Borough Park
Jamie Walker
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Details

Commercial Units 1
Residential Units 2

Overview

TerraCRG has been exclusively retained to represent ownership in the sale of 1352 59th Street, a mixed-use building between New Utrecht and 13th Avenue in the Borough Park neighborhood. The 3,120-square-foot building consists of two floor-through residential units above a commercial space  and is zoned M1-1. When occupied, the property will generate a projected gross annual income of $70,000.

This property is adjacent to a 65,000-square-foot assemblage portfolio sale, also being exclusively marketed by TerraCRG, consisting of mixed-use and industrial space.

Attractions

One of Brooklyn’s oldest neighborhoods, Borough Park is currently experiencing significant population growth. Between 2009 and 2017, jobs in the area grew by 28,000 – an increase of 72 percent. Contributing factors include the expansion of Maimonides Hospital as well as the increase of e-commerce; between five and ten percent of all third-party sales on Amazon originate from the neighborhood.

Convenient to all transportation and located next to the neighborhood’s prime retail corridor, New Utrecht Avenue, the property is easily accessible via the D and N express lines, which service the 62nd Street/New Utrecht Avenue station just two blocks away. Manhattan can be reached from the station by either train in thirty minutes during rush hour commutes.

Gravesend Park

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