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Mixed-Use

132 Broadway

132 Broadway, Brooklyn, NY 11249

Listing Price: $1,800,000

Cap Rate
3.54%
Number of Units
2
Price/Unit
$900,000
Price/Gross SF
$1,096.22
Gross SF
1,642

Investment Overview

The subject offering is two-story 1,642 square foot commercial property located on Broadway, one building off the corner of Bedford Avenue, in Williamsburg. The property currently consists of an 887 square foot ground floor retail unit, and a 755 square foot second-story unit. The entire building will be delivered vacant at the closing. The property rests on a 1,065 square foot lot (15 x 71) zoned C4-3 with a maximum FAR of 3.4 for commercial (1,979 additional buildable square footage). Ownership has existing plans to extend back both floors (1,065 square feet per floor) plus add a third-floor bulkhead/roof area. The property is located in Qualified Opportunity Zone and there is a residential zoning overlay (2.43 Maximum FAR for residential). The property is surrounded by new construction residential projects, and it is less than one block from the iconic Peter Luger’s. This is an opportunity to acquire a value-add/user deal in one of New York City’s most engaging and dynamic neighborhoods.

Investment Highlights

  • Two-Story 1,642 SF Retail Building
  • User Opportunity
  • Delivered Vacant at Closing

Exclusively Listed By

Listing Price: $1,800,000

Cap Rate
3.54%
Number of Units
2
Price/Unit
$900,000
Price/Gross SF
$1,096.22
Gross SF
1,642

Investment Highlights

  • Two-Story 1,642 SF Retail Building
  • User Opportunity
  • Delivered Vacant at Closing

Investment Overview

The subject offering is two-story 1,642 square foot commercial property located on Broadway, one building off the corner of Bedford Avenue, in Williamsburg. The property currently consists of an 887 square foot ground floor retail unit, and a 755 square foot second-story unit. The entire building will be delivered vacant at the closing. The property rests on a 1,065 square foot lot (15 x 71) zoned C4-3 with a maximum FAR of 3.4 for commercial (1,979 additional buildable square footage). Ownership has existing plans to extend back both floors (1,065 square feet per floor) plus add a third-floor bulkhead/roof area. The property is located in Qualified Opportunity Zone and there is a residential zoning overlay (2.43 Maximum FAR for residential). The property is surrounded by new construction residential projects, and it is less than one block from the iconic Peter Luger’s. This is an opportunity to acquire a value-add/user deal in one of New York City’s most engaging and dynamic neighborhoods.

Exclusively Listed By

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