SAB Capital is pleased to present 60-64 Franklin Avenue in the Bedford-Stuyvesant neighborhood of Brooklyn in New York City. The property is currently built 24,650 square feet on 2 adjoining lots with 95 ft. x 113 ft. combined dimensions. The total buildable square footage is 51,288 square feet, making this an ideal investment for investors or owner-users.
The contiguous properties are currently configured as two warehouses, located between Park and Flushing Avenues in the Bedford-Stuyvesant section of Brooklyn, NY. The buildings contain office and manufacturing / storage and are built a combined total of 24,640 SF.
The properties sit on two M1-2 zoned lots. 60 Franklin Avenue measures 95 ft x 113 ft and has a full basement with high ceilings. 64 Franklin Avenue measures 40.75 ft x 113 ft. Combined, the site totals 94.75 feet of frontage to Franklin Avenue (Block/Lot: 1884-68,69). The properties are located in the rapidly developing section of Bedford-Stuyvesant and allow for easy access to the Brooklyn-Queens Expressway. The neighborhood is going through a period of revitalization with numerous residential, office, and commercial properties in construction.
60-64 Franklin Avenue offers investors and users the opportunity to purchase contiguous warehouse buildings in this strong commercial sub-market of Bedford-Stuyvesant. Buyers will be able to capitalize on the rising industrial, office, and retail rents in Bedford-Stuyvesant and take advantage of a growing supply and demand disparity in the local industrial/office market.
- Prime Bedford-Stuyvesant Commercial Redevelopment Opportunity
- ~95 Feet of Frontage to Franklin Avenue
- Buildings Total 24,640 Square Feet
- Steps from the Myrtle Avenue Retail Corridor
- Short Distance from the Brooklyn Navy Yard
- Eight Blocks From Flushing Ave “G” Subway Station
Reach out to Jason Grunberg & Jake Torre for OM
|Tenant||Price||Cap Rate||Lease Type||Square Feet||Status|
|60 - 64 Franklin Avenue||$9,500,000||%||N/A||24,650||Under Contract|