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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

Price $598,000
Unit Size 484 SF
No. Units 1
Total Building Size 484 SF
Property Type Retail (Condo)
Property Subtype
Storefront Retail/Office
  • General Retail Storefront
  • OfficeLoft Creative Space
Sale Type Investment or Owner User
Floors 1
Typical Floor Size 484 SF
Year Built 2020
Tenancy Single
Lot Size 0.08 AC
Opportunity Zone Yes
Sale Conditions
1031 Exchange
  • Build to Suit

1 UNIT AVAILABLE

Unit CU

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.

Walk Score®
Walker's Paradise (96)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

AMENITIES

  • 24 Hour Access
  • Bus Line
  • Corner Lot
  • Metro/Subway
  • Accent Lighting
  • Air Conditioning

NEARBY MAJOR RETAILERS

Rent-A-Center
Bank of America
Checkers
Ymca
Webster Bank
Capital One
Kearny Bank
Chase Bank
New York Sports Clubs
Citizens Bank

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)
  • Listing ID: 32262917

  • Date on Market: 6/26/2024

  • Last Updated:

  • Address: 161 12th St, Brooklyn, NY 11215

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