899 Bergen St, Brooklyn, NY, 11238-3381, US

899 Bergen Street

Asset Description

The Retail Condominium at 899 Bergen Street offers the opportunity to acquire two separate, but connected retail condominium units totaling ~13,000 SF in prime Crown Heights. Located block-through on the north side of Bergen Street, 899 Bergen Street is a 12,872 SF retail condominium totaling 2-units located on 899 Bergen Street, a flexible office building in Crown Heights. Originally built in the 1920s as a Studebaker service station, the property is now a vibrant creative hub in the heart of Crown Heights. With upgraded infrastructure, a brand-new lobby and pre-built office suites, 899 Bergen Street will be delivered vacant and offers move-in ready workspace to an eclectic community of creatives, non-profits, start-ups and other small businesses. Tenants in 899 Bergen Street include the well-known Industrious and Be Electric Studios.

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Attributes

Building area gross

12,872 sf

Number of units

Media

Investment Highlights

The Property is located in the center of the Atlantic Avenue Mixed-Use Plan (AAUMP). The AAUMP is a community centered plan to guide the future development of approximately thirteen blocks of Atlantic Avenue and neighboring industrially zoned blocks between Vanderbilt Avenue and Nostrand Avenue The goal is to bring housing, jobs and infrastructure improvements to this area of Crown Heights. Current zoning rules, which are mostly unchanged since 1961, do not enable new housing, despite Atlantic Avenue being one of Brooklyn’s most important east – west corridors, connecting Downtown Brooklyn to Queens and Long Island. 899 Bergen Street is situated in the heart of the rezoning plan, offering an investor tremendous upside due to the supply of housing and updated infrastructure coming to the neighborhood.

899 Bergen Street is well-located, located just south of Atlantic Avenue in Crown Heights. Just 2-blocks south of Atlantic Avenue and 4-blocks south of the Franklin Avenue C Train entrance, 899 Bergen Street allows tenants to be in Manhattan in less than 40 minutes and Downtown Brooklyn (Atlantic Terminal) in less than 20 minutes by subway. Centrally located, the Property is within walking distance to Prospect Park, Park Slope, Clinton Hill and Boerum Hill. minutes by subway. Centrally located, the Property is within walking distance to Prospect Park, Park Slope, Clinton Hill and Boerum Hill.