Brooklyn Redevelopment Opportunity

1602 Kings Hwy
Brooklyn , NY 11229

Brooklyn Redevelopment Opportunity - Retail for sale


Jones Lang LaSalle, is pleased to offer for sale a three-story 32,858 s.f. commercial property currently occupied by a bank branch and located on the corner of Kings Highway and East 16th Street in Brooklyn, NY. The Property is less than one block from the Kings Highway subway station (B and Q line) and is positioned on a hard, signalized intersection in Brooklyn, in close proximity to various retail and residential buildings. Assigned to the C4-4A / R7 zoning designation, the Property has a broad range of permitted commercial uses and generous development standards that allow for commercial retail and/or multifamily redevelopment. As part of any transaction, the Tenant is prepared to discuss a short-term leaseback of all or part of the first floor.

Investment Highlights

·       Beneficial zoning and rare redevelopment opportunity

·       Prime positioning on hard corner

·       Outstanding demographics & large consumer base

·       Rare redevelopment and re-positioning opportunity

·       Prime hard corner with nearly 1,000,000 residents within 3-mile radius

·       Highly traffic location – over 6,000,000 riders a year on the adjacent B & Q subway platform

·       Exceptional immediate local retail corridor

Property Type Retail
Tenure Type Sale / Purchase
Property Address 1602 Kings Hwy, Brooklyn, NY 11229-1210
Land In Acres 0.21
Building Size 32,858  ft2
Price Unpriced
Cap Rate Confidential
Download Offering Memorandum

Presented By

Other properties you may be interested in

  • Identity Group - Net Lease Industrial Portfolio, JLL PowerSearch
    Identity Group - Net Lease Industrial Portfolio
    Various - See Om For Details, TN
    Type(s):     Industrial
    Tenure(s):     Sale / Purchase
    Price ($USD):     8,000,000
    Space Available:     200,749 ft2
  • Bob's Discount Furniture - Stoughton, MA, Stoughton, JLL PowerSearch
    Bob's Discount Furniture - Stoughton, MA
    601 Technology Center DrStoughton, MA 02072-4719
    Type(s):     Retail
    Tenure(s):     Sale / Purchase
    Price ($USD):     9,390,000
    Space Available:     34,136 ft2
  • Walgreens - East Providence, East Providence, JLL PowerSearch
    Walgreens - East Providence
    600 Warren AveEast Providence, RI 02914-2808
    Type(s):     Retail
    Tenure(s):     Sale / Purchase
    Price ($USD):     3,790,850
    Space Available:     16,657 ft2
  • Bob's Discount Furniture, Orange, JLL PowerSearch
    Bob's Discount Furniture
    515 Boston Post RdOrange, CT 06477-3509
    Type(s):     Retail
    Tenure(s):     Sale / Purchase
    Price ($USD):     6,588,000
    Space Available:     28,024 ft2
  • Walgreens - Westbrook, CT, Westbrook, JLL PowerSearch
    Walgreens - Westbrook, CT
    1211 Boston Post RdWestbrook, CT 06498-1949
    Type(s):     Retail
    Tenure(s):     Sale / Purchase
    Price ($USD):     8,532,000
    Space Available:     14,820 ft2
  • Ashley HomeStore - Leasehold, Norwalk, JLL PowerSearch
    Ashley HomeStore - Leasehold
    51 Richards AveNorwalk, CT 06854-2309
    Type(s):     Retail
    Tenure(s):     Sale / Purchase
    Price ($USD):     Contact Us
    Space Available:     24,041 ft2