Listed by RIPCO Real Estate New York, RIPCO Real Estate
$11,900,000
318-334 Knickerbocker Avenue
Details
Property Type Retail
Sub Type Commercial, Retail Condominium
Square Footage 21,835
Units 5
Cap Rate 6.70%
Occupancy 100%
Price per SqFt $700
Retail | 6.70% CAP | 21,835 SqFt
Investment highlights
- Prime Bushwick Retail Corridor - Positioned on Knickerbocker Avenue — a high visibility, high-foot-traffic corridor in the heart of Bushwick, surrounded by a dynamic mix of national retailers and local businesses.
- ICIP Abatement - The Assemblage benefits from a 25-year ICIP Tax Abatement which is due to expire in 2038.
- Service Oriented & Traditional Retail Tenancy Mix - Current tenants include Oak Street Health [acquired by CVS in 2023], which operates as a primary healthcare facility for the elderly, along with a laundromat and a two clothing retailers serving the local community.
- Excellent Transit Accessibility - Located within short blocks from the L and M subway lines, providing quick access to Manhattan and other parts of Brooklyn — a key driver of both residential and retail demand.
Listing Contacts
Listed by RIPCO Real Estate New York, RIPCO Real Estate
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