162 Beard St

Introducing 162 Beard Street, a unique multifamily dwelling in the heart of vibrant Red Hook, Brooklyn. This property offers a dynamic combination of commercial and residential spaces, making it an exceptional investment opportunity.

**Commercial Space:** The ground level (currently leased) features a wide-open loft-style commercial area with a garage door, perfect for a community facility or various business ventures. Its versatile layout can accommodate a range of uses, providing endless possibilities for entrepreneurs and local businesses.

**Residential Units:** Above the commercial space, you'll find three well-appointed residential rental units spread across three levels. Two expansive three-bedroom, one-bathroom floor-through units boast private rear terraces, ideal for relaxing or entertaining. The top-floor one-bedroom, one-bathroom unit enjoys exclusive access to a breathtaking roof deck with panoramic views of the Manhattan skyline and the Statue of Liberty—perfect for enjoying sunsets and cityscapes. (These units can be delivered vacant or leased).

**Investment Potential:** All units are in excellent condition, making this property an attractive choice for both homeowners and investors. Whether you choose to purchase the building vacant or fully tenanted, you'll benefit from healthy projected rent rolls reflecting a generous cap rate. (Offering Memorandum provided upon request).

**Prime Location:** Situated on Beard Street between Van Brunt and Conover Streets, this property is ideally located near grocery stores, shopping, restaurants, and transportation options, including the water taxi and NYC Ferry.

**Future Development:** With a 225,000-square-foot production studio planned just a few blocks away on Wolcott street and NYC's plan to develop mixed use, retail and green areas to over 120 acres of Brooklyn's coastline including Red Hook's Marine Terminal and the Columbia Street Waterfront, this area is poised for growth, enhancing the value proposition of owning a multifamily property like 162 Beard Street.

Don't miss the opportunity to live and invest in a property with immense potential in one of Brooklyn's most exciting neighborhoods. Schedule a viewing today!