Retail Condo with Ground and
For Sale
Contact for pricing
58 St Marks Pl, Brooklyn, NY 11217
Retail condo featuring a ground-level sales area and additional cellar space, leased with a newly executed long-term term.
Property Size11,850 SF
Days on Market113
Property Features for 58 St Marks Pl
General Information
Standard status
Active
Size
11,850 SF
Property subtype
Retail
Additional Details
Multifamily Units
100
Listing Agency:
Cushman & Wakefield New York
(718) 307-6517
Listed By:
Dylan Walsh · License #10401384207
Source:
Crexi
Added: Apr 12
Changed: Jul 23
Last Checked: Jul 23 at 7:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield New York
Investment Insights
Based on property information with market context.
The offering is a retail condominium with 180’ of frontage and block-through positioning on 4th Avenue, providing both ground and below-grade space. The total size is 11,850 NSF, comprised of 8,753 SF on the ground level and 3,997 SF in the cellar. The property opened for operations in May 2023 and is covered by a newly executed 20-year lease.
The lease is described as a 25-year ICAP commencing in 2022/23, with the tenant responsible for 100% share of the RE T personal guarantee on the lease. The tenant is identified as Food Garden Market.
The ground-floor retail is presented as serving a built-in demand base tied to Saint Market Place, featuring 100 condo units with 95% sold. The remarks also note the property is located within fewer than four blocks of Atlantic Avenue–Barclays Center, with access to the B, D, N, R, Q, 2, 3, 4, and 5 lines.
The lease is described as a 25-year ICAP commencing in 2022/23, with the tenant responsible for 100% share of the RE T personal guarantee on the lease. The tenant is identified as Food Garden Market.
The ground-floor retail is presented as serving a built-in demand base tied to Saint Market Place, featuring 100 condo units with 95% sold. The remarks also note the property is located within fewer than four blocks of Atlantic Avenue–Barclays Center, with access to the B, D, N, R, Q, 2, 3, 4, and 5 lines.
Key Highlights
- 11,850 SF retail condo with 8,753 SF ground sales area plus 3,997 SF cellar
- Newly executed 20‑year lease at $62 PSF on the ground level
- Tenant has 25‑year ICAP commencing 2022/23 and is responsible for 100% share of RET personal guarantee on the lease
Property Analytics
Current Use
Lease Details
100
Residential units
Location Intelligence
Trade Area within ½ mile
8,650
Businesses Nearby
214k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Shops & Services 37%
Groceries 6%
Hotels & Casinos 4%
Chick-fil-A
Dining
35,688 visits/mo
0.2 miles
Shell
Shops & Services
22,155 visits/mo
0.2 miles
Shake Shack
Dining
18,217 visits/mo
0.2 miles
TD Bank
Shops & Services
15,811 visits/mo
0.3 miles
Dinosaur Bar-B-Que
Dining
9,469 visits/mo
0.3 miles
Demographics for 11217, NY
42,417
Population
21,590
Households
2
Avg Household Size
36
Median Age
73%
College-Educated
93%
High-School Grad
0.7 sq mi
ZIP Area
60,596
Density / Sq Mi
$158,314
Median Household Income
$95,067
Median Earnings
$2,800
Median Rent
$1,614,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Retail space - Retail condo featuring a ground-level sales area and additional cellar space, leased with a newly executed long-term term.
Where is this retail space located?
The property is located at 58 St Marks Pl Brooklyn, NY.
What are key features of this property?
This property features: 11,850 SF retail condo with 8,753 SF ground sales area plus 3,997 SF cellar; Newly executed 20‑year lease at $62 PSF on the ground level; Tenant has 25‑year ICAP commencing 2022/23 and is responsible for 100% share of RET personal guarantee on the lease
