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136-144 N 8th St - The Finger Building - Retail Condo 20,192 SF Retail Condo Unit in Brooklyn, NY 11249
1 Unit Available
Unit RETAIL
| Unit Size | 20,192 SF | Sale Type | Investment |
| Condo Use | Retail |
| Unit Size | 20,192 SF |
| Condo Use | Retail |
| 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.
Property Facts
| 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 | ||
| 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 |
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
|
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136-144 N 8th St - The Finger Building - Retail Condo
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