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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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.
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