194 Concord Street

Ariel Property Advisors has been retained on an exclusive basis to arrange the sale of 194 Concord Street, a 4-unit mixed-use building in Downtown Brooklyn. The subject property is located on the corner of Concord Street and Gold Street. The corner building, which will be delivered vacant, encompasses approximately 5,358 square feet on a 3,950 square foot lot. The unit mix consists of one ground floor commercial unit and a total of three residential units on the upper floors. The ground floor commercial space spans approximately 1,833 square feet, that includes an approximately 658 square foot build-out on the side of the building. The second through fourth floor each contains one two-bedroom unit that is approximately 1,175 square feet. The property also features a total of four parking spaces in the rear of the building. Additionally, there are approximately 2,542 square feet of air rights providing the opportunity for future development. The surrounding area of 194 Concord Street is home to the MetroTech Center business hub, New York City College of Technology and the New York University Tandon School of Engineering. The area is also home to several parks that include Commodore Barry Park, McLaughlin Park, Trinity Park as well as Cadman Plaza Park. There are numerous shopping and eating destinations in the neighborhood as well such as City Point Brooklyn, Macys and Starbucks. The property is approximately a half mile from the N, R, W subway line at the Jay St - Metrotech station, the F subway line at the York St station and the A and C subway line at the High St - Brooklyn Bridge station. Bus lines that serve the immediate area include the B57, B62 and B69. 194 Concord Street presents owner-users and investors the opportunity to acquire a vacant corner mixed-use building with parking and air rights in the desirable Downtown Brooklyn neighborhood.