Investment Overview

Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 1182 Flushing Avenue, a three story, 43,600 square foot building located on Flushing Avenue on the border of Williamsburg and Bushwick, Brooklyn, NY. It is situated on a 100 ft x 165 ft lot (Block: 03167 Lot: 0026), zoned M1-1. The property is located within an Industrial Business Park and a Qualified Opportunity Zone. The property consists of approximately 13,000 square feet of 1st floor warehouse space (featuring 16’ ceiling clearance, a small retail showroom, and 2 rear loading docks), and approximately 30,600 square feet of 2nd and 3rd floor artist studios and creative offices. There is 4,600 square feet of semi-grade (non-cellar) basement space which is used as a tech office and storage area. Floors 1-3 are accessible by a freight elevator with an 8,000 pound capacity. The building is currently fully-tenanted with various lease terms, most of which have termination clauses ranging from 60 days to 5 months, allowing possession of a vacant building if desired (see Rent Roll). The property is strategically located close to both the Brooklyn-Queens Expressway and the Long Island Expressway, allowing ease of freight access to Manhattan and the Boroughs, and Long Island. The Jefferson Street ‘L’ subway station is right around the corner, making this an ideal location for those using public transportation. The Williamsburg/Bushwick border is a thriving location for industrial businesses, creative uses, entertainment venues and experiential retail, making this an excellent opportunity for users and investors to purchase a large commercial building in a welllocated area of New York City.