Bestreich Realty Group (BRG) is pleased to announce that it has placed under contract this mixed use property located in the Williamsburg section of Brooklyn. The property features 6 two-bedroom units, of which 4 are rent stabilized. There is one commercial unit which is occupied by a cocktail bar and whose lease expires in 2024. The property is built 25 ft x 58 ft and offers approximately 5,800 square feet. It sits on a 25 ft x 80 ft lot and is zoned R6, C1-3.
This property is conveniently located steps from the L subway line at Montrose Avenue, offering quick and easy access to Manhattan. The property is near Sternberg Park and is situated on an array of strong retail along Bushwick Avenue. Williamsburg has become a highly desirable neighborhood and has attracted many new bars, restaurant, cafes, and artisan shops. This area has become one of the most sought after real estate markets for both retail and residential focused investors.
Call: (718) 360-8801