A mixed-use boutique building in Brooklyn.
Description
A 5-storey corner building of modern design.
The property includes:
- commercial area (on the ground and the 4th floors, 808 m²)
- 10 Duplex residential units
Transaction type: Forward Deal.
The cost of the property is 26,000,000 $.
The projected absolute annual income is 1,269,489 $.
The projected yield is 4,9%.
A long-term lease agreement will be signed with the management company of the residential cooperative.
The management company assumes all responsibilities for managing the property.
The building is located in the center of Williamsburg in the north of Brooklyn, in a popular location near the Williamsburg Bridge.
The area is served by subway routes J, Z, M and L.
The population of Williamsburg is more than 126,000 people.
Williamsburg — the first of the areas of Brooklyn, where abandoned storage buildings were turned into lofts.
One of the attractions of Williamsburg is the steel bridge with pedestrian and bicycle paths — connecting the area with the Manhattan Lower East Side.
Williamsburg is popular with young people. There are many bars, stylish boutiques and music stores selling rare vinyl here.
The trendy nature of this area is underlined by the huge graffiti on every other wall.
Travel time to:
- John F. Kennedy Airport — 25 minutes by taxi (without traffic jams)
- La Guardia airport — 15 minutes by taxi (without traffic jams)
- Times Square — 24 minutes by subway
- Wall Street/ Financial District — 36 minutes by subway
