Mixed-Use Building in Sunset Park
211 61st Street
Closed 09/01/2015 at
A few blocks from the Brooklyn-Queens Expressway
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TerraCRG has been retained to exclusively represent ownership in the sale of the elevatored mixed-use building at 211 61st Street in the Sunset Park neighborhood of Brooklyn. This offering provides a rare opportunity to acquire a fully renovated property with floor through apartments on each level and a vacant 1150 SF commercial space. The site is in close proximity to Industry City at Bush Terminal, Jamestown Properties’ conversion of a 6.5-million-square-foot complex of industrial, office and retail space into a bustling creative business hub along Brooklyn’s Sunset Park waterfront.
The 6,491 SF building is comprised of 5 residential units and 1 commercial unit. The property is 20′ wide and has five large 2-bedroom apartments and a vacant retail space. The five apartments are all floor through units with balconies on the front and back of each apartment overlooking Manhattan.
The building is located on the border of two strong demographic sub-markets, Sunset Park and Bay Ridge, and Sunset Park’s 5th Avenue retail corridor is one of the busiest in Brooklyn. There are several well-known national tenants located in close proximity as well as an established presence of restaurants and retail stores in the immediate vicinity.
The property is easily accessible through the N,R trains at the 4th Avenue and 60th Street subway station, making the commute to Manhattan about 30 minutes. The BQE (1-278) is also located a few blocks away providing additional accessibility to the property.
Sunset Park is a demographically diverse neighborhood of approximately 160,000 people. The major commercial corridors are located along Fifth Avenue and Eighth Avenue. The difference between the two avenues is striking. As one walks on Eighth Avenue, Asia is the them. There are numerous well-known national tenants located along both of these commercial drags as well as an established presence of some of the city’s best ethnic restaurants catering to the large Latino and Chinese communities.