INVESTMENT OPPORTUNITY
SAB Capital is pleased to present 362-364 39th St. in the Sunset Park neighborhood of Brooklyn, NY. This is multi-unit building with a mix of warehouse, apartment, and basement space across 6,200 square feet. It is currently majority owner-occupied, with an additional occupied apartment unit. The property sits within 3 blocks of the “D, N, Q, R, and W” subway lines and is highly accessibly by the nearby Belt Parkway/Gowanus Expressway.
- 6,200 Square Foot Building in Sunset Park with In-Place Income – 6.41% Year 1 Cap Rate Just Filling Vacant Apartment
- Features 19 Artist Studios Across the Basement and 1st Floor and 2 Apartments
- Currently Owner-Occupied With the Opportunity For Both Owner-Users and Investors
- Close Proximity to Gowanus Expressway and Highly Accessible by ‘D, N, Q, R, and W’ subway lines
- Strong Surrounding Retail Presence With Costco Wholesale and Whole Foods up the Block
Contact Jake Torre for complete OM
| Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
|---|---|---|---|---|---|
| 362-364 39th St. | $2,300,000 | 6.41% | 6,200 | Available |
