172 bedford avenue
FOR SALE
172 BEDFORD AVENUE Williamsburg, Brooklyn
PROPERTY FEATURES
VACANT MIXED-USE BUILDING
Location
Subject property is located on Bedford Avenue, between North 8th and North 7th Streets
Block / Lot
2319 / 21
Lot Dimensions
22.5’ x 100’
Lot SF
2,250 approx.
Building Dimensions
22.5’ x 40’ plus extension
Building SF
4,050 approx.
Stories
3
Zoning
R6B / C1-4
Residential FAR
2.00
Commercial FAR
2.00
Total Buildable SF
4,500 approx.
Available Air Rights (SF)
450 approx.
Assessment (16/17)
$38,448 (per 16/17 Tentative Assessment Roll)
Taxes (15/16)
$7,518
Tax Class
Protected Class 1 (6-20% rule applies)
Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of a three-story mixed-use building at 172 Bedford Avenue in Williamsburg, Brooklyn. The property comprises two freemarket apartments above a commercial space, which is currently occupied by Primp & Polish nail salon. The entire building will be delivered vacant.
North Williamsburg East River Ferry
The property is conveniently situated less than a block from the Bedford Avenue L Train Station on the busiest retail corridor in Northside Williamsburg. 172 Bedford Avenue offers 2,500 SF of prime retail space among notable tenants like Madewell, Dunkin Donuts, Starbucks, Duane Reade, HSBC, J.Crew, G-Star RAW, Scotch & Soda, Ralph Lauren and Levi’s. The neighborhood also awaits the imminent arrival of major anchor tenants, Apple and Whole Foods. This asset offers a unique opportunity to capitalize on rapidly growing retail rents where asking prices range from $400-500/SF.
172 BEDFORD AVENUE
L
Williamsburg
ASKING PRICE
$13,900,000
CUSHMAN & WAKEFIELD 205 Montague Street, 3rd Floor, Brooklyn, NY 11201 cushmanwakefield.com
For more information, please contact:
Brendan Maddigan, Director 718.307.6507 // [email protected]
Mark Lively, Associate Director 718.307.6524 // [email protected]
Ethan Stanton, Senior Associate 718.307.6553 // [email protected]
Michael Gigante, Associate 718.307.6555 // [email protected]
Taylor Wos, Associate 718.307.6506 // [email protected]
Bogdan Trach, Associate 718.307.6554 // [email protected]
Matthew Beckelman, Associate 718.307.6523 // [email protected]
Cushman & Wakefield copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal notice, any special listing conditions imposed by the property As applicable, we make of nothe representation as to the condition of the property (or properties) in errors, question. Cushman & wakefieldwithout copyright 2015.and Notowarranty or representation, express or implied, is madeowner(s). to the accuracy or completeness information contained herein, and same is submitted subject to omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
FOR SALE
172 BEDFORD AVENUE Williamsburg, Brooklyn
COMMERCIAL DEVELOPMENT PIPELINE 2-Story Commercial Building 132 Bedford Avenue
9
120 N 6th Street 1
9
Thor Equities Commercial Space 124-138 N 6th Street
8
204-206 Bedford Avenue Whole Foods Domino Sugar Refinery 242 Bedford Avenue Development Apple Store 2 247 Bedford Avenue 2 Mixed-use Building 263 Bedford Avenue 2 2
3
2 2
1
NOTABLE RETAIL
4
TENANTS IN THE AREA
205 Bedford Avenue
8
The Pod Hotel 626 Driggs Avenue
4
New Mixed-use 305Construction Bedford- Avenue 170 South 1st Street New Construction - Mixed-use 207 South 3rd Street
New Construction - Mixed-use 356 Bedford Avenue
3
172 Bedford Avenue
7
6 5
Thor Equities Commercial Space 180 Bedford Avenue 184-186 Bedford Avenue
Williamsberry Condos 338 Berry Street
7
6
5
ANNUAL SUBWAY RIDERSHIP – BEDFORD AVENUE L TRAIN STATION Bedford Avenue L Train Station Average For All Brooklyn Stations
11,000,000 9,000,000 7,000,000 5,000,000 3,000,000 1,000,000 2009
2010
2011
2012
2013
2014
The Bedford Avenue L Train Station is the 4th busiest station in the entire borough, surpassed only by Atlantic Avenue, Jay Street and Court Street stations. The Bedford Avenue station saw nearly 10,000,000 passengers in 2014. This is a 7.4% increase from the previous year, more than double the average increase in ridership throughout the borough.
CUSHMAN & WAKEFIELD 205 Montague Street, 3rd Floor, Brooklyn, NY 11201 cushmanwakefield.com
For more information, please contact:
Brendan Maddigan, Director 718.307.6507 // [email protected]
Mark Lively, Associate Director 718.307.6524 // [email protected]
Ethan Stanton, Senior Associate 718.307.6553 // [email protected]
Michael Gigante, Associate 718.307.6555 // [email protected]
Taylor Wos, Associate 718.307.6506 // [email protected]
Bogdan Trach, Associate 718.307.6554 // [email protected]
Matthew Beckelman, Associate 718.307.6523 // [email protected]
Cushman & Wakefield copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal notice, any special listing conditions imposed by the property As applicable, we make of nothe representation as to the condition of the property (or properties) in errors, question. Cushman & wakefieldwithout copyright 2015.and Notowarranty or representation, express or implied, is madeowner(s). to the accuracy or completeness information contained herein, and same is submitted subject to omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
172 BEDFORD AVENUE Williamsburg, Brooklyn
PROPERTY FEATURES
VACANT MIXED-USE BUILDING
Location
Subject property is located on Bedford Avenue, between North 8th and North 7th Streets
Block / Lot
2319 / 21
Lot Dimensions
22.5’ x 100’
Lot SF
2,250 approx.
Building Dimensions
22.5’ x 40’ plus extension
Building SF
4,050 approx.
Stories
3
Zoning
R6B / C1-4
Residential FAR
2.00
Commercial FAR
2.00
Total Buildable SF
4,500 approx.
Available Air Rights (SF)
450 approx.
Assessment (16/17)
$38,448 (per 16/17 Tentative Assessment Roll)
Taxes (15/16)
$7,518
Tax Class
Protected Class 1 (6-20% rule applies)
Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of a three-story mixed-use building at 172 Bedford Avenue in Williamsburg, Brooklyn. The property comprises two freemarket apartments above a commercial space, which is currently occupied by Primp & Polish nail salon. The entire building will be delivered vacant.
North Williamsburg East River Ferry
The property is conveniently situated less than a block from the Bedford Avenue L Train Station on the busiest retail corridor in Northside Williamsburg. 172 Bedford Avenue offers 2,500 SF of prime retail space among notable tenants like Madewell, Dunkin Donuts, Starbucks, Duane Reade, HSBC, J.Crew, G-Star RAW, Scotch & Soda, Ralph Lauren and Levi’s. The neighborhood also awaits the imminent arrival of major anchor tenants, Apple and Whole Foods. This asset offers a unique opportunity to capitalize on rapidly growing retail rents where asking prices range from $400-500/SF.
172 BEDFORD AVENUE
L
Williamsburg
ASKING PRICE
$13,900,000
CUSHMAN & WAKEFIELD 205 Montague Street, 3rd Floor, Brooklyn, NY 11201 cushmanwakefield.com
For more information, please contact:
Brendan Maddigan, Director 718.307.6507 // [email protected]
Mark Lively, Associate Director 718.307.6524 // [email protected]
Ethan Stanton, Senior Associate 718.307.6553 // [email protected]
Michael Gigante, Associate 718.307.6555 // [email protected]
Taylor Wos, Associate 718.307.6506 // [email protected]
Bogdan Trach, Associate 718.307.6554 // [email protected]
Matthew Beckelman, Associate 718.307.6523 // [email protected]
Cushman & Wakefield copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal notice, any special listing conditions imposed by the property As applicable, we make of nothe representation as to the condition of the property (or properties) in errors, question. Cushman & wakefieldwithout copyright 2015.and Notowarranty or representation, express or implied, is madeowner(s). to the accuracy or completeness information contained herein, and same is submitted subject to omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
FOR SALE
172 BEDFORD AVENUE Williamsburg, Brooklyn
COMMERCIAL DEVELOPMENT PIPELINE 2-Story Commercial Building 132 Bedford Avenue
9
120 N 6th Street 1
9
Thor Equities Commercial Space 124-138 N 6th Street
8
204-206 Bedford Avenue Whole Foods Domino Sugar Refinery 242 Bedford Avenue Development Apple Store 2 247 Bedford Avenue 2 Mixed-use Building 263 Bedford Avenue 2 2
3
2 2
1
NOTABLE RETAIL
4
TENANTS IN THE AREA
205 Bedford Avenue
8
The Pod Hotel 626 Driggs Avenue
4
New Mixed-use 305Construction Bedford- Avenue 170 South 1st Street New Construction - Mixed-use 207 South 3rd Street
New Construction - Mixed-use 356 Bedford Avenue
3
172 Bedford Avenue
7
6 5
Thor Equities Commercial Space 180 Bedford Avenue 184-186 Bedford Avenue
Williamsberry Condos 338 Berry Street
7
6
5
ANNUAL SUBWAY RIDERSHIP – BEDFORD AVENUE L TRAIN STATION Bedford Avenue L Train Station Average For All Brooklyn Stations
11,000,000 9,000,000 7,000,000 5,000,000 3,000,000 1,000,000 2009
2010
2011
2012
2013
2014
The Bedford Avenue L Train Station is the 4th busiest station in the entire borough, surpassed only by Atlantic Avenue, Jay Street and Court Street stations. The Bedford Avenue station saw nearly 10,000,000 passengers in 2014. This is a 7.4% increase from the previous year, more than double the average increase in ridership throughout the borough.
CUSHMAN & WAKEFIELD 205 Montague Street, 3rd Floor, Brooklyn, NY 11201 cushmanwakefield.com
For more information, please contact:
Brendan Maddigan, Director 718.307.6507 // [email protected]
Mark Lively, Associate Director 718.307.6524 // [email protected]
Ethan Stanton, Senior Associate 718.307.6553 // [email protected]
Michael Gigante, Associate 718.307.6555 // [email protected]
Taylor Wos, Associate 718.307.6506 // [email protected]
Bogdan Trach, Associate 718.307.6554 // [email protected]
Matthew Beckelman, Associate 718.307.6523 // [email protected]
Cushman & Wakefield copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal notice, any special listing conditions imposed by the property As applicable, we make of nothe representation as to the condition of the property (or properties) in errors, question. Cushman & wakefieldwithout copyright 2015.and Notowarranty or representation, express or implied, is madeowner(s). to the accuracy or completeness information contained herein, and same is submitted subject to omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
