Listed by RIPCO Real Estate
$2,900,000
191 Bond St
Details
Property Type Retail, Mixed Use
Sub Type Shopping Center
Square Footage 3,220
Units 3
Stories 3
Lot Size (SqFt) 1,410
Zoning R6B
Investment Type Owner/User
Retail | 3,220 SqFt
Marketing description
RIPCO Investment Sales has been exclusively retained to arrange for the sale of 191 Bond Street in the Gowanus neighborhood of Brooklyn, NY.
The property comprises a three-story 3,220 GSF brick mixed-use building on the corner of Bond and Warren Street. The building is configured as two (2) free-market apartments above a ground floor retail space, plus a rear garage extension with a curb cut on Bond Street.
The property carries considerable value-add potential as units are renovated and brought to market rate upon turnover. This could potentially yield an asset with a gross revenue north of $191,000 per year. The property’s current Tax Class 1 designation limits future tax increases.
191 Bond is in an unbeatable central location. The shops and train station at Atlantic Terminal / Barcley Center are just 8 blocks away, while the F and G train at Bergen St is just 3 block away
The property is in the heart of unprecedented development activity in Gowanus, where dozens of new developments and a growing variety of shops, bars, restaurants and other amenities are coming to the immediate neighborhood.
191 Bond Street is an excellent owner/operator asset with tremendous value-add potential in a market undergoing rapi transformation.
Investment highlights
- Three-story 3,220 GSF brick mixed-use building on the corner of Bond and Warren Street
- Configured as two (2) free-market apartments above a ground floor retail space, plus a rear garage extension with a curb cut on Bond Street
- Considerable value-add potential as units are renovated and brought to market rate upon turnover
- Atlantic Terminal / Barclays Center are just 8 blocks away, while the F and G train at Bergen St is just 3 blocks away
- Tremendous value-add potential in a market undergoing rapid transformation
- 460 SF Garage (Curb Cut on Bond St )
- 1,410 SF Corner Lot Size ( 23.5’ x 60’ )
Listing Contacts
Listed by RIPCO Real Estate
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