Retail Building Across From Brooklyn Navy Yard
15 Vanderbilt Avenue
Clinton Hill
Closed 09/19/2019 at
$3,225,000 | $572/GSF per SF
B69
Citibike, Proposed NYC Ferry
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Overview
TerraCRG has been exclusively retained in the sale of the retail building at 15 Vanderbilt Avenue in Clinton Hill, Brooklyn.
15 Vanderbilt Avenue is currently owned and occupied by Samui, a newly renovated, fully-equipped Thai restaurant and event space with high-end finishes and furnishings. The 5,640 SF asset is ideal for an owner looking to acquire a cash-flowing property with an agreement to a five-year lease with the current tenant (Samui), or an owner/user looking to acquire a turn-key space of this caliber in Clinton Hill. There is a full kitchen on the lower level consisting of 1,600 SF, an office on the second floor consisting of 800 SF and an additional 2,440 SF of available air rights.
The M1-2 zoned property is advantageously located across the street from the Brooklyn Navy Yard, a massive campus undergoing its largest expansion since WWII. The Yard is home to hundreds of innovative businesses, manufacturers and tech companies and anticipates the creation of tens of thousands of jobs over the next few years with its continued growth and lease-ups in Building 77, Dock 72, the expansion of Steiner Studios and the addition of Wegman’s. (See pages 19-22 for tenants and details.)
Attractions
The quiet, residential blocks of Clinton Hill and Fort Greene surrounding the property, are lined primarily with townhouses, punctuated by occasional new developments. The Pratt Institute, a few blocks south, has an enrollment of more than 5,000 students and a reputation for its highly-ranked undergraduate and graduate programs in architecture, interior and industrial design. The Brooklyn Academy of Music and Barclays Center are also both in proximity.