617 JOHNSON AVENUE

For Sale - Brooklyn - Williamsburg

$7,800,000

Net Operating Income: Contact Agent

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Key Details

Property Type
Industrial
Neighborhood
Williamsburg
Property Dimensions
95.42 x 105.0
Property Area
13,630 sq.ft.
Total Units:
1
Stories:
2
NOI
Contact Agent
Price
$7,800,000
Price Per Unit
$7,800,000
Cap Rate
-%

Listing Description

B6 Real Estate Advisors has been retained on an exclusive basis to arrange for the sale of 617 Johnson Avenue in the East Williamsburg / Bushwick neighborhoods of Brooklyn.

15,000 SF Commercial Building with 275’ of wrap around frontage on the corner of Johnson Avenue and Flushing Avenue, in the Brooklyn neighborhoods of East Williamsburg / Bushwick.

The ground floor is currently configured for parking, warehousing, retail, and office. (3,000 SF fenced-in parking, 18’-20’ ceiling heights, steel structure, 600 amp electric, multiple gas blowers, 3 drive-in bays, 2 bathrooms, and 3 retail roll up gates)

The 2nd story offers a 2,000 SF fully renovated office space, with reception area, private offices, 2 bathrooms, 3 HVAC systems, security systems, and high-end finishes throughout.

The current lease expires in September of 2020, offering the ability to renew at market rents or vacate for end-user possession.

The zoning is M1-3 with a 2.0 FAR, allowing for an additional 14,600 SF of commercial air rights. The commercial zoning is flexible and allows for retail, industrial, medical, and office as of right.

The immediate area is home to many popular cafes, restaurants, clubs, and bars including House of Yes, Mission Chinese, Elsewhere, Faro, Idlewild, and many others.

The Jefferson L train is a short walk away at Flushing and Wyckoff, offering immediate access to Williamsburg and Manhattan in under 15 minutes.

Property Details

Block/Lot:
2990/50
Lot Dimensions
137.83 x 95.42
Lot Area
14,800 sq.ft
Zoning:
M3-1
FAR as Built:
0.92
Max FAR:
2.0
D.J. JohnstonB6 Real Estate Advisors
Contact Agent View Setup

Sales & Transactions

AddressSale PriceSale DateProperty Type
62 THROOP AVENUE$1,950,00006/26/2018Industrial
89 NORTH 4TH STREET$4,000,00006/12/2018Industrial
173 CONSELYEA STREET$2,400,00006/07/2018Industrial
154 SCOTT AVENUE$10,000,00005/18/2018Industrial
180 MORGAN AVENUE$6,850,00004/25/2018Industrial
681 FLUSHING AVENUE$1,500,00004/18/2018Industrial
187 MOORE STREET$2,300,00004/02/2018Industrial
738 GRAND STREET$3,325,00003/23/2018Industrial
215 NORTH 10TH STREET$25,000,00003/08/2018Industrial
94 INGRAHAM STREET$3,000,00002/01/2018Industrial