Overview

TerraCRG has been retained to exclusively represent ownership in the sale of the ~6,951 SF commercial building at 1 Knickerbocker Avenue in the East Williamsburg/Bushwick neighborhood of Brooklyn.

This prime corner property consists of a fully renovated bar and restaurant on the ground level with open office/studio space on the second floor. The two story building is built full on the lot and has ~4,634 SF above grade square footage plus a full basement with ~2,317 SF.

The ground floor and basement levels have gone through extensive renovations. The ground floor features a full length-custom bar, high end furnishings and lighting fixtures, and a performance stage in the back party room. The lower level has four bathrooms and a fully functioning commercial kitchen. The top floor is wide open with lots of natural light making it perfect for an office or art studio. Commercial rents in the area range from the $30/sf for office/studio space and upwards of $50/sf for retail space.

The building is fully sprinklered with an ADA bathroom on the ground floor. The restaurant/bar has an active liquor license. The ceiling heights range from 12′ on the ground floor to 11′ in the lower level, and 9.5′ on the second floor.

Located just off the Morgan L subway line, the area is a destination for the art community and creative types seeking gallery space, music studios and lofts. Amongst the gritty factories, warehouses and lofts that occupy most of neighborhood, Zagat rated restaurants like Roberta’s with the exclusive 12 seat testing room Blanca, large scale music venues like The Wick, and the #1 Hostel in NY; The New York Loft Hostel, all thrive in the neighborhood.