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100 N 3rd St - Commercial Condo offered at ~6.8% Cap 718 SF Retail Condo Unit in Brooklyn, NY 11249
EXECUTIVE SUMMARY
TerraCRG has been retained to exclusively represent ownership in the sale of 100 North 3rd Street, a commercial condo located in the heart of Williamsburg, one of Brooklyn’s most dynamic and in-demand neighborhoods. The 718-square-foot retail condo features 23 feet of frontage on North 3rd Street and is currently tenanted by 7 Leaf Clover, a retail storefront focused on the sale of cannabis and hemp products, to the extent allowable by the adult-use retail dispensary license. 7 Leaf Clover offers a curated selection of wellness-focused THC & CBD products and has established itself as a trusted retailer in the cannabis market. The tenant’s strong branding and alignment with the health and wellness trends of the Williamsburg demographic contribute to long-term viability and stable income. At the suggested pricing guidance, the asset is being offered at a ~6.8% cap rate, presenting investors with an opportunity to acquire a well-positioned, income-generating retail property in one of Brooklyn’s most desirable commercial corridors. 100 North 3rd Street benefits from heavy foot traffic, close proximity to prime retail corridors on Bedford Avenue & North 6th Street, and access to an abundance of restaurants, boutiques, and cultural attractions that define the Williamsburg lifestyle.
PROPERTY FACTS
| Total Building Size | 30,073 SF | Typical Floor Size | 4,902 SF |
| Property Type | Multifamily (Condo) | Year Built | 2007 |
| Property Subtype | Apartment | Lot Size | 0.23 AC |
| Building Class | A | Parking Ratio | 0.39/1,000 SF |
| Floors | 6 | ||
| Zoning | M1-2/R6A - Medium-density apartment house district with lower parking requirements | ||
| Total Building Size | 30,073 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | A |
| Floors | 6 |
| Typical Floor Size | 4,902 SF |
| Year Built | 2007 |
| Lot Size | 0.23 AC |
| Parking Ratio | 0.39/1,000 SF |
| Zoning | M1-2/R6A - Medium-density apartment house district with lower parking requirements |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Kitchen
- Hardwood Floors
- Refrigerator
- Tub/Shower
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Roof Terrace
- Elevator
1 UNIT AVAILABLE
Unit Store 1
| Unit Size | 718 SF | Sale Type | Investment |
| Condo Use | Retail | Cap Rate | 6.80% |
| Unit Size | 718 SF |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 6.80% |
DESCRIPTION
TerraCRG has been retained to exclusively represent ownership in the sale of 100 North 3rd Street, a commercial condo located in the heart of Williamsburg, one of Brooklyn’s most dynamic and in-demand neighborhoods. The 718-square-foot retail condo features 23 feet of frontage on North 3rd Street and is currently tenanted by 7 Leaf Clover, a retail storefront focused on the sale of cannabis and hemp products, to the extent allowable by the adult-use retail dispensary license.
7 Leaf Clover offers a curated selection of wellness-focused THC & CBD products and has established itself as a trusted retailer in the cannabis market. The tenant’s strong branding and alignment with the health and wellness trends of the Williamsburg demographic contribute to long-term viability and stable income.
At the suggested pricing guidance, the asset is being offered at a ~6.8% cap rate, presenting investors with an opportunity to acquire a well-positioned, income-generating retail property in one of Brooklyn’s most desirable commercial corridors. 100 North 3rd Street benefits from heavy foot traffic, close proximity to prime retail corridors on Bedford Avenue & North 6th Street, and access to an abundance of restaurants, boutiques, and cultural attractions that define the Williamsburg lifestyle.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 9 | - | 728 - 902 |
| 1+1 | 8 | - | 977 - 999 |
| 2+2 | 7 | - | 1,452 - 1,517 |
MAJOR TENANT INFORMATION Click Here to Access
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| Aesop |
-
|
Jan 0000
|
CONTACTS
-
Remi Norris -
Matthew Cosentino -
Michael Kelleher -
Daniel Lebor -
TerraCRG Brooklyn Commercial Real Estate
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100 N 3rd St - Commercial Condo offered at ~6.8% Cap
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