Overview

TerraCRG has been retained to exclusively represent ownership in the sale of 89 Wyckoff Avenue – a Free Market, three-unit, mixed-use building in the most prime section of Bushwick, Brooklyn. The building is perfectly located between Suydam Street and Hart Street  —  1.5 blocks from the L train, 1 block from Maria Hernandez Park, 2.5 blocks from Wyckoff Heights Hospital and right in the middle of the best bars, restaurants, music venues and art studios that Brooklyn has to offer.

The property is anchored by Left Hand Path, a bar that has been a Bushwick mainstay for ~10 years.  The Bar was fully renovated with an 815 SF outdoor space and finsihed basement space.

The property also has 2 floor-through free market apartments. Each apartment has 4 bedrooms, which have been gut renovated with washer/dryers, recessed lighting, high ceilings, Fujitsu heating and A/C units and a virtual doorman.

The property has a gross income of $165,000 and very low expenses as the heat is separated and the retail tenant pays 1/3 of the total taxes. At asking price, the property is $533/SF and a ~5.7% Cap.