355 Bedford Ave APT 3, Brooklyn, NY 11211

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of a three-story, mixed-use building located at 355 Bedford Avenue in Williamsburg, Brooklyn. The 4,140 SF property comprises two free-market apartments above a retail space currently occupied by a Pilates studio. The commercial lease expires in September of 2017 with a two-year renewal option at an improved rate of $4,800 per month. Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of a three-story, mixed-use building located at 355 Bedford Avenue in Williamsburg, Brooklyn. The property is just 4 blocks from the J M Z train station offering direct access to Manhattan without transfers; the L and G trains are also in close proximity. The planned 3.3 million SF Domino Sugar Refinery mega-development will generate increased foot traffic and bring additional amenities to the neighborhood. Other notable projects nearby include The Oosten condominiums at 429 Kent Avenue, The Garnett residences at 146 S 4th Street, 13-story, 82-unit mixed-use building at 282 S 5th Street, and an 856-unit 3-building residential waterfront development. The property earns approximately $150,000 annually - well below the projected potential income. 355 Bedford Avenue also offers an opportunity to add a fourth floor utilizing additional development rights.