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Property DescriptionThree-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).
- 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