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    107 6Th St Brooklyn, NY 11249

    Sponsored
    For Lease
    $39 SF/Yr

    Prime Location, Iconic Views, High Traffic

    Lot size:
    16,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional South Williamsburg property, located at 107 South 6th Street, presents a rare opportunity to acquire a thriving retail or restaurant space. The property boasts a prime location directly adjacent to the entrance of the Williamsburg Bridge Pedestrian Walkway, ensuring high foot traffic and exceptional visibility. Situated at the corner of Broadway Avenue and Bedford Avenue, across from the renowned Peter Luger Steak House, this location benefits from significant brand recognition and consistent pedestrian flow. The property comprises two Class A buildings, totaling 16,500 square feet, constructed in 1970 and extensively renovated in 2000. The buildings are three stories high and feature a single tenant occupancy, currently operating as a gym and bar. The space offers flexible options ranging from 1,800 to 10,000 square feet, catering to a variety of business needs. Modern amenities include direct power access and elevators, enhancing operational efficiency. The property's strategic location within the vibrant South Williamsburg submarket, specifically the Greenpoint cluster, guarantees strong potential for growth and return on investment. This is a unique opportunity to secure a highly visible and well-established commercial property in one of Brooklyn's most sought-after neighborhoods. The property is currently fully occupied, presenting a stable and immediately profitable investment.

    Property Features for 107 6Th St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,500 SF
    Class
    A
    Total Rate
    53625

    Building Details

    Year Built/Renovated
    1970/2000
    Buildings
    2
    Stories
    3

    Unit(s) available at that property

    Space
    Size
    10,000 SF
    Rate per SF
    $77

    HighLights

    • Retail/Restaurant property totaling 16,500 square feet.
    • Single‑tenant occupancy.
    • Class A building, 16,500 square feet, built in 1970, renovated in 2000.
    • Two buildings, three stories each, with direct power and elevators.
    • Located at 107 South 6th Street, South Williamsburg submarket (Greenpoint cluster), near Broadway Ave/Bedford Ave, across from Peter Luger Steak House, and by the Williamsburg Bridge Pedestrian Walkway entrance.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wally Health Dentist Mejuri Jewelry Store

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9660683
    Latitude
    40.7119031

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    FAQs

    What type of property is this?
    Restaurant - Prime Location, Iconic Views, High Traffic
    Where is this restaurant located?
    The property is located at 107 6Th St Brooklyn, NY.
    What is the lease rate?
    The lease rate is $77 SF/Yr.
    What are key features of this property?
    This property features: Retail/Restaurant property totaling 16,500 square feet.; Single-tenant occupancy.; Class A building, 16,500 square feet, built in 1970, renovated in 2000.
    Request Owner's contact information
    107 6Th St Brooklyn, NY 11249
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    107 6Th St Brooklyn, NY 11249
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