Overview

TerraCRG has been retained to exclusively represent ownership in the sale of 362-364 39th Street, two adjacent mixed-use buildings in the Sunset Park neighborhood of Brooklyn.

Located between 3rd and 4th Ave, the properties consist of 2 residential units (2 FM) and 2 commercial spaces that were combined and subdivided into 19 individual artist studios. Both free-market residential units were renovated a few years ago, include a washer/dryer as well as private outdoor patios. The artist studios are month-month and can be delivered
vacant.

The properties are built full to the 100-foot lot on the ground floor and are built 55 feet deep on the 2nd level with a total gross footage of 6,200 SF. Combined, the properties have a current gross annual income of $183,600 and a net operating income of $130,303 after expenses.

Located two blocks away from the neighborhood’s staple, Industry City, the property benefits from its proximity to many local restaurants and bars, including Zona Sur Bar Bistro, Industry City Food Hall & Sahadi’s. It is also located close to the N, Q, R, and W trains.