276 Bedford Avenue_Property for Sale
276 Bedford Avenue_Property for Sale
276 Bedford Avenue, Brooklyn, NY, 11211, US

276 Bedford Avenue

Asset description

276 Bedford Avenue presents a unique opportunity to acquire a 100% leased, cash-flowing, ~8,400 SF retail property with 2,715 SF of ground floor retail leased, and 2,715 SF of second floor space leased in prime Northside Williamsburg. 276 Bedford Avenue is on the corner of N 1st Street & Bedford Avenue, with 35’ of frontage along the southside of N 1st Street, and 83’ of frontage along Bedford Avenue. The Property is newly built as well, offering an investor an extremely well-located stabilized retail asset in one of the most high-powered retail markets in the country. A new owner will have the opportunity to quickly capitalize on the highly desired retail & commercial market in Williamsburg. Additionally, the Property has an ICAP tax abatement. 

276 Bedford Avenue is occupied by two popular retail tenants, Aescape and SLT Tread. Aescape , which occupies the entire (2,715 SF) ground floor, is a pioneering lifestyle robotics company. The company is revolutionizing the wellness industry by introducing exceptional customized massage experiences, utilizing robotics. Aescape is currently operating in 8 locations. SLT was founded in 2011 and has 19 locations all across the northeast. Williamsburg will be SLT’s 20th location and 4th location in Brooklyn. SLT’s mission is to provide a blend of cardio, strength training, and the most challenging elements of Pilates to create a challenging, efficient, and unique workout.

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Attributes

Building area gross
786 sm
Occupancy
100%
Year built
2024
Units
2

Media

Investment highlights

  • 8,474 SF Corner Two-Story Retail Asset in North Williamsburg
  • 100% Leased to Wellness Brands Aescape (Ground Floor) and SLT Tread (Second Floor)
  • Cash-Flowing Retail Asset with 7.5 Years of WALT
  • 2024 Construction
  • 35' of Frontage on Bedford Avenue & 83' of Frontage on N 1st Street
  • 25-Year ICAP Tax Abatement
  • Located in the Heart of Williamsburg's Most Energetic Retail Corridor
  • Superior Transportation Access Offering Seamless Access to Midtown Manhattan and the Outer Boroughs
276 Bedford Avenue 4_Property for Sale
276 Bedford Avenue 4_Property for Sale

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276 Bedford Avenue (0 Properties)

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Last updated
Jan 27, 2025