Box Factory - 1519 Decatur Street, Bushwick / Ridgewood, NY 11385

Ridgewood, Ridgewood, New York 11385

$25,000,000  

Listing ID Number

25281

Property Description

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of the Box Factory, a 3-story, 63,250 rentable square foot commercial/office property located along Decatur Street and Irving Avenue on the border of Ridgewood, Queens and Bushwick, Brooklyn. The Box Factory recently underwent a more than $6 million gut renovation transforming the building into a contemporary commercial/office property that will greatly enhance this thriving corridor. Local demand for modern, creative office space has been robust as tenants that have been priced out of Williamsburg and Downtown Brooklyn are following the L train further east.

The Box Factory offers a variety of potential reconfiguration opportunities and could target a single end user. Overall, the building includes approximately 52,782 rentable square feet of commercial/office space across the 1st, 2nd and 3rd floors as well as 10,474 square feet of commercial space. The current configuration comprises full floor office units ranging from 3,700 to 25,500 square feet that can easily be divided into smaller separate units to accommodate multiple tenants. The commercial component, which stretches across the 1st and 2nd floors, offers a designated entrance featuring approximately 50’ of frontage along Decatur Street and is designed for a café, restaurant or wine bar that would service the building as well as the surrounding community. Successful neighboring F&B establishments include Nowadays NYC, Houdini’s Kitchen, Bushwick Coffee & Juice Bar, Vintage Wine Warehouse and Bridge & Tunnel Brewery.

Overview

Building Type:Commercial Buildings
Lot Dimensions:115' x 260'
(approx.)
Lot Sq Ft:30,350
(approx.)
Building Sq Ft:63,250 Rentable SF
(approx.)
Building Dimensions:106' x 260'
(approx.)

Contact

For further information or inspection, please contact Exclusive Agents:

Robert A. Knakal
Chairman, New York Investment Sales
(212) 660 7777
robert.knakal@cushwake.com

Thomas A. Donovan
Vice Chairman
(718) 512 2626
tom.donovan@cushwake.com

Jonathan Hageman
Executive Managing Director
(212) 660 7773
jonathan.hageman@cushwake.com

DJ Johnston
Director
(718) 307 6515
dj.johnston@cushwake.com

George D'Ambrosio
Director
(212) 660 7790
george.dambrosio@cushwake.com


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Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.