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136-144 N 8th St - The Finger Building - Retail Condo 20,192 SF Retail Condo Unit in Brooklyn, NY 11249
Investment Highlights
- Fully leased retail condominium providing immediate, reliable cash flow from nine tenants.
- Prime Williamsburg location with triple street frontage along North 7th, North 8th, and Berry Streets.
- Below-market rents with upcoming expirations in 2027 and 2030 present strong mark-to-market upside.
- Weighted average lease term of 7.0 years, ensuring income stability over the near term.
- Close proximity to Bedford Avenue L train offers rapid access to Manhattan in under 10 minutes.
- Existing ICIP tax abatement in place for seven more years, enhancing operating efficiency and investor returns.
Executive Summary
Street frontage along North 7th, North 8th, and Berry Streets within the Williamsburg neighborhood. The asset is fully leased to multiple tenants and benefits from proximity to public transportation, positioned one-half block from the Bedford Avenue subway station. The surrounding area supports a strong retail environment with high population density and consumer spending levels.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment |
| Sale Type | Investment |
Sale Notes
Fully Occupied Retail Condo with Secure, Long-Term Cash Flow
The Property is 100% leased with a 7.0-year WALT, delivering immediate, stable income from 9 tenants across 20,192 SF of prime Brooklyn retail.
Near Term Mark-to-Market Opportunity
Several tenants are substantially below market with lease expirations in 2027 and 2030, offering near term mark-to-market opportunity to re-lease at rents in-line with the current market.
Irreplaceable Williamsburg Location with Robust Demographics
The Property's triple frontage on North 7th, North 8th, and Berry Streets are at the epicenter of Williamsburg's luxury retail scene, with a total consumer spend of $2 billion within a 1 mile radius.
Exceptional Transportation Access to all of NYC
The Property is located one-half block from the Bedford Avenue train for access to Union Square in Manhattan in under 10 minutes.
In-Place ICIP with 7 Years Remaining
Investors will benefit from abated taxes for an additional 7 years, keeping operating expenses minimal as leases turnover and revenue improves.
The Property is 100% leased with a 7.0-year WALT, delivering immediate, stable income from 9 tenants across 20,192 SF of prime Brooklyn retail.
Near Term Mark-to-Market Opportunity
Several tenants are substantially below market with lease expirations in 2027 and 2030, offering near term mark-to-market opportunity to re-lease at rents in-line with the current market.
Irreplaceable Williamsburg Location with Robust Demographics
The Property's triple frontage on North 7th, North 8th, and Berry Streets are at the epicenter of Williamsburg's luxury retail scene, with a total consumer spend of $2 billion within a 1 mile radius.
Exceptional Transportation Access to all of NYC
The Property is located one-half block from the Bedford Avenue train for access to Union Square in Manhattan in under 10 minutes.
In-Place ICIP with 7 Years Remaining
Investors will benefit from abated taxes for an additional 7 years, keeping operating expenses minimal as leases turnover and revenue improves.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit RETAIL | 20,192 SF | Retail | Upon Request | - |
Unit RETAIL
| Unit Size |
| 20,192 SF |
| Condo Use |
| Retail |
| Price |
| Upon Request |
| NOI |
| - |
1 of 0
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Unit RETAIL
| Unit Size | 20,192 SF |
| Condo Use | Retail |
| Price | Upon Request |
| NOI | - |
| Sale Type | Investment |
| Sale Notes | |
| Fully Occupied Retail Condo with Secure, Long-Term Cash Flow<br> The Property is 100% leased with a 7.0-year WALT, delivering immediate, stable income from 9 tenants across 20,192 SF of prime Brooklyn retail.<br> <br> Near Term Mark-to-Market Opportunity <br> Several tenants are substantially below market with lease expirations in 2027 and 2030, offering near term mark-to-market opportunity to re-lease at rents in-line with the current market. <br> <br> Irreplaceable Williamsburg Location with Robust Demographics <br> The Property's triple frontage on North 7th, North 8th, and Berry Streets are at the epicenter of Williamsburg's luxury retail scene, with a total consumer spend of $2 billion within a 1 mile radius.<br> <br> Exceptional Transportation Access to all of NYC<br> The Property is located one-half block from the Bedford Avenue train for access to Union Square in Manhattan in under 10 minutes.<br> <br> In-Place ICIP with 7 Years Remaining<br> Investors will benefit from abated taxes for an additional 7 years, keeping operating expenses minimal as leases turnover and revenue improves.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 20,192 SF | Floors | 1 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 20,192 SF |
| Property Subtype | Apartment | Year Built | 2009 |
| Building Class | A | Lot Size | 0.57 AC |
| Zoning | R6B - Medium Density Residential District | ||
| Total Building Size | 20,192 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | A |
| Floors | 1 |
| Typical Floor Size | 20,192 SF |
| Year Built | 2009 |
| Lot Size | 0.57 AC |
| Zoning | R6B - Medium Density Residential District |
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
Major Tenant Information
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Crossroads Trading Co. |
-
|
February 2021
|
| Beth Israel Urgent Care |
-
|
April 2022
|
| Apollo Bagels |
-
|
August 2037
|
| DNA Footwear-Williamsburg |
-
|
June 2021
|
| Antica Pesa |
-
|
April 2022
|
| Egg Shop of Williamsburg |
-
|
February 2027
|
| 16 Handles |
-
|
July 2022
|
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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136-144 N 8th St - The Finger Building - Retail Condo
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