BROADWAY BUSHWICK PORTFOLIO – RETAIL 1419 Broadway, 1441 Broadway, 1467 Broadway 295’ of Frontage on Broadway Bushwick, Brooklyn, NY Michael Amirkhanian Director of Sales 718.606.7073 [email protected]DJ Johnston Senior Associate 718.307.6515 [email protected]Robert Moore Senior Associate 718.606.7046 [email protected]Stephen P. Palmese Partner 718.307.6552 [email protected]William Cheng Senior Associate 718.606.7037 [email protected]BROADWAY BUSHWICK PORTFOLIO Bushwick, NY 11211 Presented by: Team Amirkhanian
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BROADWAY BUSHWICK PORTFOLIO –RETAIL 1419 Broadway, …assets.42floors.com/flyers/c7a8ec7c60e12d66c111d16... · The subject retail/development portfolio has 295’ of frontage on
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DESCRIPTION:The subject retail/development portfolio has295’ of frontage on Broadway consisting of38,100 SF, complimented by 110,000 SF ofadditional air rights. Ideally situated inBushwick, the most sought after real estatemarket in New York City, this offeringpresents one of the few retail sites of scaleavailable in the neighborhood. The portfoliospans between the Gates Avenue and HalseyStreet J/Z subway stations with direct accessto Williamsburg and Manhattan in 20 minutes.The portfolio currently collects $1,225,000 ingross income with tenants paying taxes andutilities, allowing for a projected net operatingincome of approximately $1,120,000. Theresidential air rights represent developmentupside or can be sold to neighboring owners.The ownership would consider individualoffers for each retail parcel or assemble withtheir development portfolio, currently beingoffered separately. Take advantage of this rareopportunity to own on Broadway, one ofBushwick’s prime retail corridors, whilerecognizing all of the benefits of Brooklyn’smost rapidly maturing neighborhood.