$44,000,000
Updated 10 years ago
Off Market

110 Boerum Place

Boerum Hill, Brooklyn | Pacific Street & Dean Street

38,000 Square FeetIncome Property

$44,000,000
floors / apts2 / 10
Lot Size136'4"x100'
Built Size100'x100'
ZoneC2-4
Building TypeLow-Rise
RE Taxes$311,880
Price Per SF
$1,158

Building Amenities

  • Voice Intercom

Property Description for 110 Boerum Place

Cushman & Wakefield is pleased to offer an extremely rare net lease investment opportunity in the heart of brownstone Brooklyn. 110 Boerum Place, is an iconic asset that is best recognized as the home of the New York Sports Club (NYSE Ticker: CLUB). The property is a mixed-use commercial building, consisting of one commercial unit and ten residential units. New York Sports Club has a NNN lease extending until 2020 with 1 (one) 5 (five) year option. The owner’s only responsibility is the maintenance of the uncovered portion of the roof.

The subject property is conveniently located in the Boerum Hill neighborhood of Brooklyn, a blossoming residential neighborhood known for its quaint tree-lined streets, historic brownstones, independent boutiques and ethnic restaurants. 110 Boerum Place is situated among 13 separate subway lines, just blocks away from the Borough Hall and MetroTech subway stations (2, 3, 4, 5, A, B, C, D, F, G, N, Q, R) that provide access to virtually anywhere in New York City.

110 Boerum Place presents an exceptional opportunity to invest in one of Brooklyn’s most popular residential neighborhoods that continues to thrive from the surrounding developments and immigration of national retailers.

Listing History for 110 Boerum Place

Now
07/29/2016
POM by Stephen Palmese
Cushman & Wakefield
2016

Building Details for 110 Boerum Place

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePost-War
AccessWalk-up
Year Built1972
Floors/Apts2/10
Learn More About the Building

Transit and Citi Bike

Subway

Bergen St
0.15 miles
Borough Hall
0.3 miles
Hoyt-Schermerhorn Sts
0.34 miles
Jay St-MetroTech
0.36 miles
Hoyt St
0.37 miles

Citi Bike

Amity St & Court St
0.09 miles
Pacific St & Smith St
0.11 miles

Contact Agents

Contact Agents

Stephen Palmese
Cushman & Wakefield
Michael Mazzara
Cushman & Wakefield
Thomas Freeland
Cushman & Wakefield

Boerum Hill | Brooklyn

Quick Profile

Boerum Hill is a tiny, quiet, primarily residential neighborhood in Brooklyn. There are broad tree-lined streets that are filled with elegant three and four-story brownstones and townhouses, mostly built between 1840 and 1870. There is a definite family vibe to the neighborhood, but young professionals are moving in, and with them are coming trendy bars to cater to their desire for some measure of nightlife, without having to linger in Manhattan. These new bars and restaurants are being sandwiched in amongst existing shops on both Atlantic Avenue and Smith Street, which are the main commercial areas in Boerum Hill. 

Boerum Hill offers a convenient location that is still able to maintain its small-neighborhood feel. Shopkeepers value their customers and remember their regulars. It continues to do what it was designed to do, namely provide small-town living in the very shadow of the big city. Boerum Hill is an easy commute to other parts of the city, making it easy to come home every day to the peace and tranquility of Boerum Hill while commuting to a job anywhere in the city.

The neighborhood is quite walkable and you can take the time to catch up with your neighbors while visiting on their stoops. Shopping on Atlantic Avenue is stress-free with no high pressure. You can meet with friends at any of the many coffee shops and while away pleasant hours in conversation. The dining scene on Smith Street is similarly laid-back. Don’t expect that there will be quite as much to see or do as there is in Manhattan, but there are a decent number of interesting bars and restaurants providing a measure of nightlife. The trade-off is worth it, as Boerum Hill provides a quiet, peaceful place to live and raise a family.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 53110TH