160 Dikeman St Brooklyn, NY 11231

This exceptional five-story, 14,532 square foot flex building at 160 Dikeman Street in Brooklyn, NY, presents a unique investment opportunity. Built in 2020, this Class B property boasts a modern design with a steel-clad exterior and is currently vacant. The building features a parking garage/delivery space, a retractable roof deck, and a penthouse offering 360-degree views of the Manhattan, Brooklyn, and New Jersey skylines. Its M2-1 zoning allows for diverse uses, from office and retail to other commercial applications. The asking price is $8,900,000, representing a price per square foot of $612.44 and a pro-forma cap rate of 7.82% with a pro-forma NOI of $695,792. Situated on a 4,999 square foot lot, this 42-foot-wide building is essentially turn-key, requiring only interior build-outs. The property is eligible for several incentives including ICAP, CRT, REAP, QOZ, ECSP, and IBZ, offering significant cost savings and maximizing return on investment. Its location in the thriving Red Hook tech hub, with easy access to the NYC Ferry, provides unparalleled convenience and access to a vibrant community. This property is ideal for owner-users or investors seeking a high-return, versatile commercial space in a rapidly developing area.