NEW YORK, Jan. 11, 2017 – On behalf of The Zar Group, Cushman & Wakefield has been retained on an exclusive basis to sell a 41,571-square-foot corner industrial property at 1325-1365 Halsey Street in Bushwick, Brooklyn. The asking price is $15,750,000.
“This is the largest commercial footprint available in Bushwick. With 500’ of wraparound frontage and directly adjacent to the L train entrance, this offering presents an unparalleled opportunity for either a retail or an industrial buyer. In addition, we are offering a separate residential development site next-door for those looking for neighborhood impacting scale,” said Cushman & Wakefield’s DJ Johnston who is exclusively marketing the offering with William Cheng, Bryan Kirk and Joshua Sabzevari.
The single-story property spans an impressive 404 feet of frontage along Halsey Street and 100 feet on Irving Avenue. Located within an M1-1 zoning designation, the property allows for a potential retail conversion or use as an owner/operator.
In recent years, Bushwick has emerged as one of Brooklyn’s most prevalent social and cultural hubs complete with flourishing art galleries, vibrant nightlife options, and a wide selection of international cuisines. Along with its convenient accessibility via the L and M train lines at Halsey Street and Myrtle-Wyckoff Avenue, respectively, 1325-1365 Halsey Street presents an incredible opportunity for an investor to capitalize on the area’s continued growth.
Cushman & Wakefield’s DJ Johnston and his sales team are also marketing The Bushwick Development Assemblage, a portfolio comprised of six surrounding development sites totaling 82,000 residential buildable square feet. The acquisition of this expansive offering along with 1325-1365 Halsey Street creates a rare opportunity for a single developer to considerably shape an entire neighborhood.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors and occupiers optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.