Brooklyn Redevelopment Opportunity

Asset Type

Retail

Address
1602 Kings Hwy Brooklyn, NY United States 11229-1210
Asking Price

Contact for pricing

Sq Footage

32,858

Year Built

1930

Cap Rate

N/A

Additional Attributes

Property Description

Three-story building with 32,858 sq. ft. for sale, located on the corner of Kings Highway and East 16th Street, close to various retail and residential buildings. Currently occupied by a bank branch, this property has a broad range of commercial uses and generous development standards that allow for commercial retail and/or multifamily redevelopment. Over one million residents live within a 3-mile radius, and the property is less than one block from the Kings Highway subway station (B and Q lines).

Investment Highlights

  • Currently occupied by a bank branch tenant who are prepared to discuss a short-term leaseback of  all or part of the first floor
  • Assigned to the C4-4A/R7 zoning designation with a broad range of redevelopment options for commercial and/or multifamily
  • Highly-trafficked location
Listing Contacts
Peter Furest
Peter Furest
SVP, Capital Markets
+65 3159 4021
NY - 10401232530
Thomas Beneville
Managing Director, Captl Mkts
+65 3159 4021
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