51 Jay Street, Retail Unit “C”
Bridge Property Advisors has been exclusively retained to market for sale the Retail Condominium Unit “C”, an approximately 1,326 gross rentable SF site, on the corner of Jay & Water Streets in Dumbo, Brooklyn.
Investment highlights include:
•Investment grade credit tenant (S&P: A+)
•Attractive rent increases throughout the primary term and options
•The Dumbo neighborhood has a median household income of $211,000
•Dumbo is the 3rd largest business district in NYC with more than 100,000employees and 4.72M SF of office space
•2 blocks from York Street Subway station (F Train – 3.2M annual riders)
•Limited bank competition; one of four national bank branches in Dumbo
•Situated on the ground floor of a 137,000 SF mixed use building including 74 apartments with visibility from Jay St and Water Streets
•Front & York, a 1.2mm SF mixed-use project, is currently being developed one block South