409 Knickerbocker Ave
Brooklyn, NY 11237
Mixed-Use Building · Retail Property For Sale

409 Knickerbocker Avenue is in the Bushwick neighborhood of Brooklyn, New York. The property consists of a 5,750± sf mixed-use retail and residential structure. The property is strategically located on the bustling Knickerbocker Avenue, surrounded by national retailers, only two blocks from the M train. The property contains two commercial spaces located on the ground floor, and two additional floors which can accommodate the buildout of apartment units. The main retail space on Knickerbocker Avenue is currently occupied by a shoe store tenant and will be delivered vacant. This ground floor space will be extremely attractive to potential tenants due to its great location on a very busy commercial corridor and its proximity to the M train. The other commercial space (on Himrod Street) is currently occupied by a bar/restaurant and has 11 years of remaining term. There are two additional floors of vacant space. The opportunity exists for a new owner to build out apartments on these two floors and attract high rents. The purchase of this asset presents a tremendous value add opportunity to a new owner. Due to the excellent location and the proximity to the subway, a new owner will be able to attract very high rents from both retail and residential tenants.