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161 12th St
484 SF Retail Condo Unit Offered at $598,000 in Brooklyn, NY 11215



INVESTMENT HIGHLIGHTS
- Busy location with steady foot traffic and various transportation lines
- Open plan with a contemporary design
- Lots of natural light
EXECUTIVE SUMMARY
Excellent opportunity to own or rent a modern and unique commercial condo in the vibrant heart of Gowanus, Brooklyn - a hub of creativity and industry. Currently used for art gallery and events. Can be delivered vacant. This newly constructed corner property offers 50 feet of front exposure, and is ideally situated on a bustling corner, perfect for maximizing business visibility. The sleek, contemporary design features an impressive facade with oversized windows that flood the space with natural light. The sophisticated aesthetic is enhanced with imported custom cabinetry, custom lighting, and polished flooring. The location is only minutes away from various subway and bus lines, ensuring steady foot traffic—a crucial plus for retail ventures. Furthermore, you are in close proximity to landmark locations such as Atlantic Terminal, Union Market, and Grand Army Plaza, amplifying the potential for high rental income and offering an excellent cap rate potential of over 7%. Low common charges are only $181/month The interior is fully equipped with a kitchen and bathroom, and is fully wired with WiFi, cameras, and an alarm system, providing security and modern amenities essential for today’s businesses. Perfect for investors and business owners, this property promises not just to be a place of business but a fruitful investment in one of Brooklyn's most dynamic neighborhoods. Also available to rent for $4,500/month
PROPERTY FACTS
1 UNIT AVAILABLE
Unit CU
Unit Size | 484 SF | Sale Type | Investment or Owner User |
Price | $598,000 | Cap Rate | 7.00% |
Price Per SF | $1,235.54 | NOI | $41,860 |
Condo Use | Retail | Sale Conditions | 1031 Exchange, Build to Suit |
Unit Size | 484 SF |
Price | $598,000 |
Price Per SF | $1,235.54 |
Condo Use | Retail |
Sale Type | Investment or Owner User |
Cap Rate | 7.00% |
NOI | $41,860 |
Sale Conditions | 1031 Exchange, Build to Suit |
DESCRIPTION
Modern commercial condo in the vibrant heart of Gowanus, Brooklyn - a hub of creativity and industry. Can be delivered vacant. This newly constructed corner property offers 50 feet of front exposure, and is ideally situated on a bustling corner, perfect for maximizing business visibility. The sleek, contemporary design features an impressive facade with oversized windows that flood the space with natural light. The sophisticated aesthetic is enhanced with imported custom cabinetry, and custom lighting. The interior is fully equipped with a kitchen and bathroom. Busy location near various subway and bus lines.
SALE NOTES
Perfect for investors and business owners, this property promises not just to be a place of business but a fruitful investment in one of Brooklyn's most dynamic neighborhoods. Excellent cap rate potential.
AMENITIES
- 24 Hour Access
- Bus Line
- Corner Lot
- Metro/Subway
- Accent Lighting
- Air Conditioning
NEARBY MAJOR RETAILERS










ZONING
Zoning Code | R6A C24 (a zoning district that is primarily residential with some commercial uses) |
R6A C24 (a zoning district that is primarily residential with some commercial uses) |
Presented by
High Class Realty SB
161 12th St
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