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161 12th St
Brooklyn, NY 11215
Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Busy location with steady foot traffic and various transportation lines
  • Open plan with a contemporary design
  • Lots of natural light

EXECUTIVE SUMMARY

Excellent opportunity to own or rent a modern and unique commercial condo in the vibrant heart of Gowanus, Brooklyn - a hub of creativity and industry. Currently used for art gallery and events. Can be delivered vacant. This newly constructed corner property offers 50 feet of front exposure, and is ideally situated on a bustling corner, perfect for maximizing business visibility. The sleek, contemporary design features an impressive facade with oversized windows that flood the space with natural light. The sophisticated aesthetic is enhanced with imported custom cabinetry, custom lighting, and polished flooring. The location is only minutes away from various subway and bus lines, ensuring steady foot traffic—a crucial plus for retail ventures. Furthermore, you are in close proximity to landmark locations such as Atlantic Terminal, Union Market, and Grand Army Plaza, amplifying the potential for high rental income and offering an excellent cap rate potential of over 7%. Low common charges are only $181/month The interior is fully equipped with a kitchen and bathroom, and is fully wired with WiFi, cameras, and an alarm system, providing security and modern amenities essential for today’s businesses. Perfect for investors and business owners, this property promises not just to be a place of business but a fruitful investment in one of Brooklyn's most dynamic neighborhoods. Also available to rent for $4,500/month

PROPERTY FACTS

Property Type Retail
Property Subtype
Storefront Retail/Office
  • General Retail Storefront
  • OfficeLoft Creative Space
Lot Size 0.08 AC
Gross Leasable Area 484 SF
No. Stories 1
Year Built 2020
Tenancy Single
APN / Parcel ID 01021-1401
Zoning R6A C24 - a zoning district that is primarily residential with some commercial uses

AMENITIES

  • 24 Hour Access
  • Bus Line
  • Corner Lot
  • Metro/Subway
  • Accent Lighting
  • Air Conditioning
  • Listing ID: 32262917

  • Date on Market: 6/26/2024

  • Last Updated:

  • Address: 161 12th St, Brooklyn, NY 11215

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