173 Bleecker St
Brooklyn, NY 11221
Retail Property For Sale

Marcus & Millichap is pleased to offer for sale on an exclusive basis 173 Bleecker Street, ( AKA: 276 Wilson Av-enue) Brooklyn, NY, 11221. (Block-Lot: 3297-34) and is located in an Opportunity Zone. The approximate 8,250 SF corner building is built 25 ft. x 80 ft. and sits on a 25 ft. x 90 ft. lot (2250 SF). It contains 4 stories of which the ground is occupied by 2 commercial tenants and 1 residential tenant and the top 3 floors contain 2 four bed-room box apartments. Six of the seven residential units are legally destabilized. One residential unit is currently vacant and both retail units are on a month to month basis. The building has been recently upgraded with a new boiler with computerized temperature control that was in-stalled in 2016. Four of the seven residential units are individually metered and tenants pay for their own heat and hot water. The rear garage has access to a basement with high ceilings that is currently used as storage by ownership. If both are combined, higher rents may be realized. This is an opportunity to invest in an approximate 8,250 SF mixed-use residential corner property with achiev-able upside due the majority of the units being boxed 4 bedrooms units with windows throughout in a mostly free-market building. Central Bushwick has gained huge demand and rental rates continue to increase as evidenced by the current and potential rent roll of the subject property.