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207 Knickerbocker Ave - Availability Details

207 Knickerbocker Ave, Brooklyn, NY 11237

  • For Sale $1,400,000
  • City Brooklyn
  • Neighborhood Bushwick
  • Zip Code 11237
  • Market Brooklyn
  • Property Type Mixed Use
  • Property Size 4,500 Sqft
  • Units 6
  • Lot Size 0.06 Acre
  • Year Built 1931
  • Date Updated 31 Mar, 2021
  • Website arielpa.nyc

Ariel Property Advisors has been retained to sell 207 Knickerbocker Avenue, the large six unit mixed use property located on the North side of the street between Troutman Street and Jefferson Street in the Bushwick neighborhood of Brooklyn.

The subject property is a 4,500 square foot, three story walk-up, featuring two stores on the ground floor and four apartments above. The two retail stores face heavily trafficked Knickerbocker Avenue. The residential portion of the property consists of four, one bedroom residential units. All units are rented at below market rents. The retail spaces are occupied by a hardware store and a Mexican food restaurant that have both been there for over ten years, the apartments are also occupied by long term tenants.

Though the building is occupied by tenants at below market rates the building is in good working order with a well maintained roof, heating system, and an upgraded electrical system.

The property takes advantage of its prime Bushwick location, just two blocks from the L and M train stations and only one block from the B60 Bus line. The high trafficked area and the close proximity to Manhattan is the reason for the areas resurgence and growth. The retail in this area of Bushwick is significantly improving with new restaurants and beautifully renovated shops. This area of Bushwick is home to well know establishments such as House of Yes, Robertas, Friends NYC , Kings County Brewers Collective, Syndicated, the Brooklyn Bunna Cafe, Heavy Woods, Molasses Books, Alphaville, Foster Sundry and much more. In addition the property is in close proximity to Maria Hernandez Park.

For more information as well as a complete marketing book please contact our office.

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Contacts

broker

Jonathan Berman

Ariel Property Advisors

(212) 544-9500 x 20

broker

Matthew Davis

Ariel Property Advisors

(212) 544-9500 x 24

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