166 N 12th St
Brooklyn, NY 11249
Industrial Property For Sale

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of a two-story, 9,400 SF building located at 166 N 12th Street in Northside Williamsburg, Brooklyn. The existing structure will be delivered vacant and may continue to be used as a commercial building under legal nonconforming use. Side street retail rents in Northside Williamsburg range from $100-$150/SF while upper-level commercial and office rents range from $60-$80/SF. Zoned R6A, the property can also be repositioned into a residential apartment or condominium building utilizing the additional air rights. With residential rents asking north of $65/SF and recorded condominium sellouts in the $1,500-$2,000/SF range, 166 N 12th Street offers a unique value-add opportunity in one of Brooklyn' s most sought-after neighborhoods. The property is located on the south side of N 12th Street between Berry Street and Bedford Avenue and within 5-6 blocks of two train stations, the L on Bedford Avenue and the G on Nassau Avenue. 166 North 12th Street directly abuts McCarren Hotel & Pool and is just 100 feet from Bedford Avenue home to many of the neighborhood' s popular shops, restaurants and bars. McCarren Park is directly across the street, offering the added benefit of unobstructed views.