Prime Bushwick, Retail & Ground-Up Development Opportunities Available from XRE NY
Yagnesh Vangala of XRE NY has been retained to exclusively market the following properties on Flushing Ave: 1008-1010 Flushing Ave and 1046-1048 Flushing Ave.
NEW YORK, April 17, 2017 /PRNewswire/ -- The properties are situated on a rapidly emerging retail corridor in the blossoming Bushwick neighborhood and surrounded by a wide range of ongoing Mixed-Use development projects which will further support the burgeoning demand to live/work/play in the trendy region.
1008-1010 Flushing Ave is an assemblage of two abutting properties;
A newly developed structure, 1010 Flushing Avenue contains four retail outlets, ranging from 400 SF – 1,400 SF for a total of 3,800 SF of rentable space. The properties boast 130 feet of frontage on Knoll Street and 145 feet of frontage on Flushing Avenue, providing unparalleled visibility and exposure for tenants who lease the premises. The building also boasts 31 ft. ceilings and a cellar with a 12 ft. ceiling, offering an opportunity for the acquirer to a choose from a broad range of retail tenants. Additionally, 1010 Flushing Avenue is in the final phase of construction and will be delivered vacant with the COO.
1008 Flushing Avenue is built to 2,637 SF and is block through from Flushing Ave to Knoll St. The two-story property comprises of a ground floor retail unit, with a residential unit on the second floor. The entire building will be delivered vacant, paving the way for the prospective buyers to immediately add value upon acquisition. 1008-1010 Flushing Ave is listed for $5,000,000.
1046-1048 Flushing Ave is an assemblage of two abutting vacant lots;
The property offers 56 feet of frontage and has 6,900 SF of total development rights, primed for ground-up residential development. The asking price for the lots is $2,100,000.
Both 1008-1010 Flushing Ave & 1046-1048 Flushing Ave are conveniently located within proximity to the Morgan Ave and Jefferson St L train stations. A nearby 100,000 SF office conversion project, with a significant retail component, exemplifies the potpourri of ongoing and recently completed development projects in the region. The new developments in the area will indefinitely contribute to Bushwick's transformation into a dynamic neighborhood complete with hotels, restaurants, cafes, nightclubs, creative office spaces, consequently satisfying Brooklyn's distribution of demand to Bushwick, for creative agents, residents, trend seekers, and tourists.
For further information about this opportunity, please reach out to:
Yagnesh Vangala
XRE | Investment Sales
T. 646.403.4468 | C. 609.529.1722
www.xreny.com
SOURCE XRE NY
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