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8 St Marks Pl #CM

8 St Marks Pl, Brooklyn, NY 11217

  • For Sale $550,000
  • City Brooklyn
  • Neighborhood Gowanus
  • Zip Code 11217
  • Market Brooklyn
  • Property Type Retail
  • Property Size 479 Sqft
  • Property Tenancy Single Tenant
  • Year Built 2020
  • Date Updated 17 Feb, 2021
  • Construction Type Brand-New Construction

TerraCRG has been retained to exclusively represent ownership in the sale of the corner retail condo unit at 8 St.​ Marks Place, in Gowanus, Brooklyn.​

The Gowanus section of Brooklyn is undergoing a major transformation.​ The neighborhood is on the verge of a major mixed-use rezoning which will bring over 8,200 apartments to the surrounding area.​ This influx of residential density and increased commercial activity is sure to boost the ongoing demand for commercial space in the immediate area.​

The site has exceptional transportation options with the Atlantic Avenue/Barclays Center Station just a few blocks away.​ This transportation hub services the N, Q, R, B, D, 2, 3, 4 and 5 trains as well as the Long Island Rail Road (LIRR).​

This is an opportunity to acquire a brand-new construction, retail condo totaling 479 SF on the ground floor. The unit is leased to The Bearded Baker until 2029 with 3% annual increases with a current NOI of ~$34,000. Rising 8 stories above the commercial condo are 14 luxury residential condos.

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Location

Contacts

Dan Marks

TerraCRG

Faq

What is the total square footage of 8 St Marks Pl #CM?

8 St Marks Pl #CM totals 479 square feet.

When was this property built?

8 St Marks Pl #CM was built in 2020.

Looking for more in-depth information on this property?

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Contact Listing Broker

Dan Marks

TerraCRG

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