BKREA
Listed by BKREA
$76,500,000
67 Kent Avenue, Brooklyn, NY 11249
Details
APN 2302-6
Property Type Office, Retail
Sub Type Flex, Adaptive Reuse
Square Footage 117,620
Cap Rate 7.52%
NOI $5,750,158
Tenancy Vacant
Price per SqFt $650
Year Built 1969
Buildings 2
Stories 4
Lot Size (SqFt) 45,840
Zoning M1-2
Investment Type Redevelopment
67 Kent Avenue - 117,620 GSF
Marketing description
BKREA has been retained on an exclusive basis to arrange the sale of 67 Kent Avenue (Block 2302, Lot 6).
Investment highlights
- Flexible M1-2 Zoning - The property is zoned M1-2, permitting a broad range of as-of-right commercial uses, including office, retail, light manufacturing, and showroom space. This zoning flexibility provides substantial leasing and repositioning potential to accommodate diverse business needs.
- Significant Size & Exposure - With a total of 117,620 square feet and extensive frontage on three streets, the property offers an unparalleled opportunity for commercial tenants seeking prominent visibility and access in one of Brooklyn's most vibrant commercial corridors.
- Prime Williamsburg Location - Situated in the heart of Williamsburg's Northside, the site offers exceptional exposure with frontage on North 10th Street, Kent Avenue, Wythe Avenue, and North 9th Street. This dynamic neighborhood continues to see significant commercial and creative industry growth, making it a sought-after submarket with strong tenant demand.
- Con Edison Vault On-Site / 7,900 Total Amps - The property includes a dedicated Con Edison electrical vault with 7,900 amps. This rare infrastructure ensures robust, scalable, and reliable power for any future development or tenancy
- Vacant Delivery - The existing building can be delivered vacant, offering significant time and cost savings by eliminating the need for tenant buyouts. This allows for immediate redevelopment, streamlining business plans and accelerating project timelines.
Listing Contacts
BKREA
Listed by BKREA
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$5,750,158.00
$479,179.83/mo
Valuation Metrics
0
DSCR
7.52%
Cap Rate
7.52%
ROI
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