57 N 9th St 10,000 SF 50% Leased Retail Building Brooklyn, NY 11249 $10,950,000 ($1,095/SF)

57 N 9th Street has 50’ of frontage along the northside of N 9th Street in between Wythe Avenue and Kent Avenue. The Property is built full, and totals 10,000 SF, not including an additional 5,000 SF of outdoor space. 57 N 9th Street is comprised of three units with one 5,000 SF retail space on the ground floor, and two floors of office space above. The Property will be delivered 50% occupied, with 5,000 SF on the ground floor delivered vacant, and a total of 5,000 SF on the second and third floors leased. The lease for the second and third floor totals $28,000 monthly, with a 7 Year Base term, and 3% annual increases. The tenant is a music production company, backed by one of the most prominent national Venture Capital Firms. A new owner will have the opportunity to quickly capitalize on the highly desired retail & commercial market in Northside Williamsburg.
57 N 9th Street is positioned perfectly in heart of North Williamsburg’s most energetic retail and commercial corridor. With a combined 15,000 SF of indoor and outdoor space, the Property offers an investor or user a variety of ways to unlock its potential. As one of the most heavily trafficked and popular commercial markets in all of New York City, North Williamsburg has attracted national and global retailers, gyms, grocers, and Michelin Star restaurants. Nearby attractions include Laser Wolf, K’Far, The Hoxton, Macoletta, and The Arlo.
Situated one-block from The Hoxton and steps from Wythe Avenue, 57 N 9th Street is ideally positioned to generate substantial foot traffic along N 9th Street in North Williamsburg. Additionally, the Property is just a ~5-minute walk to the Bedford Avenue L Train Station, offering seamless access to Downtown and Midtown Manhattan. 57 N 9th Street is steps from heavily trafficked Bushwick Inlet Park as well as is in close proximity to the North Williamsburg Ferry.