916 Broadway
Brooklyn, NY 11206
9,425 SF Mixed-Use + 7,495 BSF Air Rights · Retail Property For Sale

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 916 Broadway, a mixed-use building at the border of Bedford-Stuyvesant and Bushwick neighborhoods of New York City. • The subject property is a through lot with frontage on both Broadway and Myrtle Avenue, operating as two separate mixed-use buildings. • Our asking price suggests a price per existing SF of $425, which is blended downward with the value of the air rights. Ex. $375 / $125 • The retail and office space is currently occupied through 2022, providing strong cash flow in the short-term. • The zoning provides significant air rights, allowing for additional stories to be built on top of the existing brick structure. • Significant basement and storage space for retail tenants, suggesting strong rental growth in the future. • The J/M/Z trains are conveniently located steps from property at the Myrtle Ave / Broadway station. For more information, or if you would like Cushman & Wakefield to prepare a complimentary opinion of value for your property, please contact The Johnston Team at 718-307-6515 or DJ.Johnston@cushwake.com.