Vacant Corner Building with Over 2,400 SF of Retail
628 Knickerbocker Avenue
Bushwick
Closed 08/16/2016 at
$2,025,000 | $380 per SF
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718-395-1877
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Overview
TerraCRG has been retained to exclusively represent ownership in the sale of the building located at 628 Knickerbocker Avenue in the Bushwick neighborhood of Brooklyn.
The vacant 5,275 SF building is in a prime location on Knickerbocker Avenue between Woodbine Street and Madison Street. A few short blocks from the L and M subway lines (Myrtle/Wyckoff station), providing easy access to all points in Brooklyn and Manhattan.
It is a prime corner building, one of 11 retail buildings on the Knickerbocker corridor between Myrtle Avenue and Putnam Avenue. The vacant building features 11.5 ft high ceiling heights in the retail spaces and over 2,400 SF of retail on Knickerbocker Avenue. All units are free market.
The building consists of two retail spaces and four residential units. After renovation the residential units can be converted to two and three bedrooms. At market rate rents after renovation, the building has gross rent potential of approximately $210,000/year.
Attractions
The property is located in one of the most rapidly changing areas of Brooklyn. It has easy access to many of the national retailers that have come to the neighborhood such as Starbucks and Planet Fitness. The building is also close to many of the new exciting bars and restaurants that have opened such as Bushwick Pizza Party, Old Stanley’s Bar, Trans Am Cafe and many more.