1519 decatur street...e ox factory / 519 ecar sree 2 newly renovated ~63,250 rentable sf commercial...

1519 DECATUR STREET BUSHWICK / RIDGEWOOD

THE BOX FACTORY // 1519 DECATUR STREET

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N e w ly R e n o v a t e d ~ 6 3 , 2 5 0 R e n t a b l e S F C o m m e r c i a l P r o p e r t yF e a t u r i n g R e t a i l a n d O f f i c e C o m p o n e n t s

ASKING PRICE:$25,000,000

Location: On the northwest corner of Decatur Street and Irving Avenue

Block & Lot: 3541/1Lot Dimensions: 115' x 260’Lot SF: 30,350Building Dimensions: 106' x 260’Stories: 3Year Built/Renovated: 1929/2017Zoning: M1-4FAR: 2.0

Total Buildable SF 60,700Existing Gross SF 53,150Available Air Rights 7,550

Assessment (17/18): $1,905,010 Taxes (17/18): $201,436

* 27% Loss Factor

Rentable Office SF* Retail SF* Total SF1st Floor 25,472 3,229 28,7012nd Floor 23,597 7,245 30,8423rd Floor 3,713 - 3,713Total 52,782 10,474 63,256

PROPERTY FEATURES

schaefer street

decatur street

wyckoff avenue

irvi

ng a

venu

e

BLOCK3541LOT 1

115’

255’

260’

square footage overview

tax map


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Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of the Box Factory, a 3-story, 63,250 rentable square foot commercial/office property located along Decatur Street and Irving Avenue on the border of Ridgewood, Queens and Bushwick, Brooklyn. The Box Factory recently underwent a more than $6 million gut renovation transforming the building into a contemporary commercial/office property that will greatly enhance this thriving corridor. Local demand for modern, creative office space has been robust as tenants that have been priced out of Williamsburg and Downtown Brooklyn are following the L train further east.

The Box Factory offers a variety of potential reconfiguration opportunities and could target a single end user. Overall, the building includes approximately 52,782 rentable square feet of commercial/office space across the 1st, 2nd and 3rd floors as well as 10,474 square feet of commercial space. The current configuration comprises full floor office units ranging from 3,700 to 25,500 square feet that can easily be divided into smaller separate units to accommodate multiple tenants. The commercial component, which stretches across the 1st and 2nd floors, offers a designated entrance featuring approximately 50’ of frontage along Decatur Street and is designed for a café, restaurant or wine bar that would service the building as well as the surrounding community. Successful neighboring F&B establishments include

Nowadays NYC, Houdini’s Kitchen, Bushwick Coffee & Juice Bar, Vintage Wine Warehouse and Bridge & Tunnel Brewery.

The property’s unique location along the border of Ridgewood and Bushwick offers tenants accessibility to Manhattan as well as some of Queens’ and Brooklyn’s most popular submarkets. Transportation options abound the property with the L train only 2 blocks away at Halsey Street providing access to Bedford Avenue in Williamsburg in 12 minutes and Union Square in Manhattan in just 20 minutes. In addition, the M train is just one stop away at the Myrtle-Wyckoff Avenues station offering additional subway options into Manhattan and Brooklyn.

The overall progression of the area as a viable commercial destination has in turn spurred residential development and drawn new businesses. Just as adjacent neighborhoods such as Bushwick and Williamsburg have benefited from unprecedented growth across all asset classes, Ridgewood is on the cusp of a similar transformation. New ownership will also benefit from tax savings through a 15-year ICAP abatement that is expected to be in place by the end of 2017. The Box Factory is a unique opportunity for an investor and/or user to capitalize on the insatiable demand for creative office space in one of the most up and coming submarkets of Queens and Brooklyn at significantly below replacement cost.

PROPERTY DESCRIPTIONThe Box Factory is a unique opportunity for an investor and/or user to capitalize on

the insatiable demand for creative office space in one of the most up and coming submarkets of Queens and Brooklyn at significantly below replacement cost.“


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Tremendous light and air through new oversized windows, double height lobby and 12’ to 18’ ceilings

Substantial incentives for tenants relocating from Manhattan

Entirely new common areas, bathrooms, pantry and HVAC system in common spaces

Opportunity to establish a F&B operator to service a modern creative office redevelopment

Variety of potential office configurations ranging from small prebuilt spaces to full floor units

Over $6 Million building renovation completed in Fall of 2017

Ability to utilize outdoor space for both office and retail

A 15-year ICAP abatement is expected to be in place by the end of 2017

INVESTMENT HIGHLIGHTS


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ST

NEV

INS

ST

BALTIC ST

BUTLER STBUTLER ST

DOUGLASS ST

PARK PL

STERLING PL

STERLING PLST JOHNS PL

ST JOHNS PL

DOUGLASS ST

5 AV

E

5 AV

E

3 AV

E

WARREN STBALTIC ST

BUTLER STDOUGLASS ST

HO

YT

ST

HO

YT

ST

WARREN ST

DEGRAW ST

SACKETT ST

BO

ND

ST

HO

YT

ST

LINCOLN PLBERKELY PLUNION STPRESIDENT ST

8 AV

E

CARROLL STGARFIELD PL

MONTGOMERY PL

1 ST

1 ST

2 ST3 ST

4 ST

5 ST

6 ST

7 ST

8 ST9 ST

10 ST11 ST

12 ST13 STBILL THOMAS

3 ST4 ST

5 ST

6 ST

7 ST8 ST

9 ST10 ST

11 ST12 ST

13 ST14 ST

8 AV

E

8 AV

E

8 AV

E

7 AV

E

7 AV

E

7 AV

E

7 AV

E

5 ST

5 ST

6 ST

6 ST

6 ST

6 ST

7 ST

7 ST

7 ST

7 ST

7 ST8 ST

8 ST

8 ST

8 ST

9 ST

9 ST

9 ST

9 ST

9 ST

10 ST

10 ST

10 ST

10 ST

10 ST

11 ST

11 ST

11 ST

11 ST

11 ST

12 ST

12 ST

12 ST

12 ST

12 ST

12 ST

13 ST

13 ST

13 ST

13 ST

13 ST

13 ST

14 ST

14 ST

14 ST

14 ST

14 ST

14 ST15 ST

5 AV

E

5 AV

E

4 AV

E

3 AV

E2

AVE

2 AV

EHA

MIL

TON

AV

E

9 ST

W 9 ST

GARNET STCENTRE ST

NELSON STHUNGTINGTON ST

LUQUER ST

4 PL4 PL

4 PL

SMIT

H S

T

3 PL

3 PL3 PL

2 PL

PRESIDENT ST

PRESIDENT ST

PRESIDENT ST

PRESIDENT ST

PRESIDENT ST

CARROLL ST

CARROLL ST

GARFIELD PL

CARROLL ST

BON

D S

T

6 AV

E

HE

NR

Y S

T

CO

LUM

BIA

ST

DEGRAW ST

UNION ST

RAPELYE ST

2 ST

3 ST

4 ST

1 ST

1 ST

2 ST

2 ST

3 ST

3 ST

3 ST

3 ST

3 ST

3 ST4 ST

UNION ST

UNION ST

DEGRAW ST

DEGRAW STLINCOLN PLBERKELY PL

SACKETT ST

PACIFIC ST

DEAN ST

ST. MARKS AVE

PROSPECT PL

PARK PL

STERLING PL

ST. JOHNS PLLINCOLN PL

6 A

VE

1 ST

1 ST

1 ST

1 ST

PACIFIC STPACIFIC ST




DEAN STDEAN ST

DEAN STDEAN ST

DEAN STDEAN ST

DEAN STDEAN ST

BERGEN ST BERGEN STBERGEN ST

BERGEN STBERGEN ST

BERGEN STST MARKS AVE

ST MARKS AVE

ST MARKS AVEST MARKS AVE

PROSPECT PL

ST. MARKS AVE

ST. MARKS AVE

PROSPECT PL

PROSPECT PLPROSPECT PL PROSPECT PL

PROSPECT PLPROSPECT PL

RO

CH

ES

TE

R A

VE

RO

CH

ES

TE

R A

VE

KIN

GS

TON

AV

EK

ING

STO

N A

VE

ALB

AN

Y A

VE

ALB

AN

Y A

VE

LINCOLN PLLINCOLN PL

LINCOLN PL

UT

ICA

AV

EU

TIC

A A

VE

SC

HE

NE

CTA

DY

AV

E

ST. JOHNS PL

ST. JOHNS PL

PARK PL

STERLING PL

NO

ST

RA

ND

AV

E

NE

W Y

OR

K A

VE

TR

OY

AV

ET

RO

Y A

VE

BE

DFO

RD

AV

E

BE

DF

OR

D A

VE

BE

DF

OR

D A

VE

BE

DF

OR

D A

VE

FR

AN

KLIN

AV

E

UNION ST

PRESIDENT ST

CARROLL ST

CROWN ST

MONTGOMERY ST

MONTGOMERY ST

MONTGOMERY ST

CROWN ST

CROWN ST

CROWN STCROWN ST

MONTGOMERY ST

RO

CH

ES

TE

R A

VE

UT

ICA

AV

E

SC

HE

NE

CTA

DY

AV

E

TR

OY

AV

E

UNION STUNION ST

UNION STUNION ST

PRESIDENT STPRESIDENT ST

PRESIDENT ST PRESIDENT ST

RO

GE

RS

AV

ER

OG

ER

S A

VE

RO

GE

RS

AV

E

NO

ST

RA

ND

AV

E

BR

OO

KLY

N A

VE

KIN

GS

TON

AV

E

TR

OY

AV

E

ALB

AN

Y A

VE

ALB

AN

Y A

VE

SULLIVAN PLACE

EMPIRE BOULEVARD

CARROLL ST

KIN

GS

TON

AV

E

NO

ST

RA

ND

AV

E

NE

W Y

OR

K A

VE

BR

OO

KLY

N A

VE

CARROLL ST

CARROLL ST

EMPIRE BOULEVARD

10 A

VEN

UE

SEELEY

ST

SEELEY

ST

VAND

ERBIL

T ST

VAND

ERBIL

T ST

REEV

E PL

16 ST

16 ST

16 ST

16 ST

16 ST

16 ST

16 ST

16 ST

16 STPROSPECT EXPY

6 AV

E

6 AV

E

5 AV

E

4 AV

E

3 AV

E

17 ST

17 ST

18 ST

18 ST

18 ST

18 ST

19 ST

19 ST

19 ST

19 ST

20 ST

20 ST

20 ST

20 ST

21 ST

21 ST

21 ST

21 ST

22 ST

22 ST

22 ST

22 ST 20 ST PROSPECT AVE

PROSPECT AVE

17 ST

17 ST

17 STSHERMAN ST

WINDSOR PL

WINDSOR PL

20 ST

TERRA

CE PL

7 AV

ENUE

20 ST

MC

DO

NA

LD A

V

E 4

ST

E 3 S

T

E 2 S

T

E 4

ST

E 5 S

T

E 3 S

T

E 2 S

T

E 5 S

TE

5 ST

WINDSOR PL

SH

ER

MA

N ST

PR

OS

PE

CT

PAR

K SW

GREEN

WOOD

AVE

23 ST24 ST

25 ST26 ST

27 ST28 ST

29 ST30 ST

34 ST35 ST

37 ST38 ST

23 ST

23 ST

23 ST

24 ST

24 ST25 ST

26 ST27 ST

28 ST29 ST

30 ST31 ST

32 ST33 ST

34 ST

37 ST38 ST

39 ST40 ST

41 ST

5 AV

E

5 AV

ENUE

4 AV

E

4 AV

E

3 AV

E

3 AV

E

39 ST

39 ST

39 ST

40 ST

40 ST

40 ST

37 ST

41 ST

41 ST

41 ST

7 AV

ENUE

8 AV

ENUE

42 ST

9 AV

ENUE

39 ST40 ST

FT HA

MILTO

N PKW

Y

GREEN

WOOD

AVE

ALBEMARLE RD

CHUR

CH AV

E

OC

EA

N P

KW

Y

E 4

ST

E 3 S

TE

3 ST

E 4

ST

E 5 S

T

E 2 S

T

MC

DO

NA

LD A

V E 4 S

T

E 5 S

TE 2 ST

MC

DO

NA

LD A

V

E 7 S

T

KERM

IT PL

CATO

N AVE

E 8 ST

FLATBUSH

AVEN

UE

MAPLE ST

MIDWOOD ST

RUTLAND RD

FENIMORE ST

HAWTHORNE ST

WINTHROP ST

PARKSIDE AVE

CLARKSON AVE

LENOX RD

CATON AVE

FL

AT

BU

SH

AV

E

FLA

TB

US

H A

VE

STERLING ST

LINCOLN RD

LEFFERTS AVE

MAPLE ST

MIDWOOD ST

RUTLAND RD

RO

GE

RS

AV

E

NO

ST

RA

ND

AV

E

NE

W Y

OR

K A

VE

FENIMORE STFENIMORE ST

HAWTHORNE ST

PARKSIDE AVE

WINTHROP ST

LENOX RD

LINDEN BLVDLINDEN BLVD

STERLING ST

LEFFERTS AVE

LINCOLN RD

WINTHROP ST

WINTHROP ST

WINTHROP ST

MAPLE STMAPLE ST

LINCOLN RD

MIDWOOD STMIDWOOD ST

RUTLAND RDRUTLAND RD

FENIMORE ST

HAWTHORNE ST

UT

ICA

AV

E

MARTENSE ST MA

RTENSE ST

CHURCH AVECHURCH AVE

CLARKSON AVE

CLARKSON AVE

CLARKSON AVE

LENOX RD

LENOX RDLENOX RD

LINDEN BLVDLINDEN BLVD

LINDEN BLVD

CHURCH AVE

CHURCH AVE

CHURCH AVE

ERASMUS ST

ALBEMARLE RD

SNYDER AVESNYDER AVE

SNYDER AVESNYDER AVE

TILDEN AVE

SNYDER AVE

ALB

AN

Y A

VE

E 4

0 S

T

E 39

ST

E 38

ST

E 37 S

TE

37 ST

E 37 S

TE

37 ST

E 38

ST

E 38

ST

E 38

ST

E 39

ST

E 39

ST

E 39

ST

E 4

0 S

TE

40

ST

E 4

0 S

T

ALB

AN

Y A

VE

NE

W Y

OR

K A

VEN

OS

TR

AN

D A

VE

ROEB

LING

ST

N 7 ST

N 8 ST

WA

SH

ING

TON

AV

E

BROADWAY

BROADWAY

BROADWAY

BUSHWICK AVE

BUSHWICK AVE

EVERGREEN AVE

EVERGREEN AVE

STO

CKHO

LM S

T

STA

NHO

PE S

T

HIM

ROD

STHA

RMA

N S

T

GRE

ENE

AVE

BLEE

CKER

ST

MEN

AHA

N S

TG

ROVE

ST

LIN

DEN

ST

GAT

ES A

VEPA

LMET

TO S

T

WO

OD

BIN

E ST

WILSON AVE

WILSON AVE

WILSON AVE

KNICKERBOCKER AVE

KNICKERBOCKER AVE

CENTRAL AVE

IRVING AVE

IRVING AVE

WYCKOFF AVE

CYPRESS AVE

CYPRESS AVE

STO

CKHO

LM S

T

STO

CKHO

LM S

T

STO

CKHO

LM S

T

DEK

ALB

AVE

HART

ST

HART

ST

SUYD

AM

ST

SUYD

AM

ST

WIL

LOUG

HBY

AVE

HART

ST

DEK

ALB

AVE

STO

CKHO

LM S

T

STA

NHO

PE S

T

STA

NHO

PE S

T

STA

NHO

PE S

T

HIM

ROD

ST

HIM

ROD

ST

HIM

ROD

ST

HIM

ROD

ST

SENECA AVE

JEFF

ERSO

N S

T

JEFF

ERSO

N S

T

TRO

UTM

AN

ST

TRO

UTM

AN

ST

STA

RR S

T

STA

RR S

TW

ILLO

UGHB

Y AV

E

ONDERDONK AVE

SENECA AVE

SENECA AVE

WOODW

ARD AVE

WOODW

ARD AVE

HARM

AN

ST

HARM

AN

ST

HARM

AN

ST

HARM

AN

ST

GRE

ENE

AVE

BLEE

CKER

ST

MEN

AHA

N S

TG

ROVE

ST

LIN

DEN

ST

LIN

DEN

ST

GRO

VE S

TLI

ND

EN S

T

GAT

ES A

VE

GAT

ES A

VE

PALM

ETTO

ST

WO

OD

BIN

E ST

MA

DIS

ON

ST

PUTN

AM

AVE

CORN

ELIA

ST

JEFF

ERSO

N A

VE

HAN

COCK

ST

WEI

RFIE

LD S

T

HALS

EY S

TEL

DER

T ST

COVE

RT S

TSC

HAEF

ER S

T

DEC

ATUR

ST CO

OPE

R ST

MO

FFAT

ST

CHAU

NCE

Y ST

PILL

ING

ST

GRA

NIT

E ST

FURM

AN

AVE

ABE

RDEE

N S

T

MACON ST

MACON ST

MACDONOUGH S

T

MACDONOUGH S

T

DECATUR ST

DECATUR ST

DECATUR ST

HANCOCK ST

HALSEY ST

JEFFERSON AVE

PUTNAM AVE

MADISON ST

MONROE ST

RA

LPH

AV

E

HALSEY ST

RA

LPH

AV

E

HO

WA

RD

AV

EH

OW

AR

D A

VE

SAR

ATO

GA

AV

E

TH

OM

AS

BO

YLA

ND

ST

RO

CK

AW

AY

AV

E

MO

TH

ER

GA

STO

N B

LVD

BAINBRIDGE ST

BAINBRIDGE ST

CHAUNCEY ST

CHAUNCEY ST

MARION ST

SUMPTER ST

MACDOUGAL ST

HULL ST

SOMERS ST

BU

FFA

LO A

VE

BU

FFA

LO A

VE

RA

LPH

AV

ER

ALP

H A

VE

LINCOLN PL

ST. JOHNS PL

STERLING PL STERLING PL

PARK PL

HO

WA

RD

AV

E

SA

RA

TOG

A A

VE

HERKIMER STHERKIMER ST

FULTON ST

UT

ICA

AV

EU

TIC

A A

VE

TR

OY

AV

ET

RO

Y A

VE

ROCKAW

AY PKWY

REMSEN AVE

E 96 STE 95 ST

E 94 STE 93 ST

E 92 STE 91 ST

RUTL

AND

RD

WIN

THRO

P ST

CLAR

KSON

AVE

LENO

X RD

39 ST

39 ST

1 AVE

NUE

2 AV

ENUE

4 AV

ENUE

2 AV

E

40 ST41 ST

42 ST43 ST

44 ST45 ST

46 ST47 ST

48 ST49 ST

44 ST45 ST

46 ST47 ST

48 ST49 ST

52 ST

56 ST

58 ST59 ST

60 ST61 ST

62 ST63 ST

51 ST52 ST

53 ST54 ST

55 ST56 ST

57 ST

50 ST

59 ST60 ST

61 ST62 ST

58 ST

5 AV

ENUE

5 AV

ENUE

4 AV

ENUE

37 ST

41 ST42 ST

43 ST44 ST

47 ST48 ST

50 ST51 ST

52 ST53 ST

54 ST55 ST

56 ST57 ST

58 ST

2 AV

ENUE

2 AV

ENUE

39 ST40 ST

41 ST42 ST

43 ST44 ST

45 ST46 ST

47 ST48 ST

49 ST50 ST

52 ST

54 ST55 ST

56 ST57 ST

58 ST59 ST

60 ST61 ST

62 ST63 ST

7 AV

ENUE

7 AV

ENUE

44 ST45 ST

46 ST47 ST

48 ST49 ST

51 ST52 ST

53 ST54 ST

55 ST

50 ST

56 ST57 ST

59 ST60 ST

61 ST

58 ST

62 ST

39 ST40 ST

41 ST42 ST

43 ST44 ST

45 ST46 ST

47 ST48 ST

49 ST

51 ST

50 ST

52 ST53 ST

54 ST55 ST

56 ST57 ST

58 ST59 ST

60 ST61 ST

62 ST63 ST

3 AV

ENUE

3 AV

ENUE

1 AVE

NUE

1 AVE

NUE

4 AV

ENUE

5 AV

ENUE

8 AV

ENUE

8 AV

ENUE

6 AV

ENUE

6 AV

ENUE

9 AV

ENUE

9 AV

ENUE

44 ST45 ST

46 ST47 ST

48 ST49 ST

51 ST52 ST

53 ST54 ST

55 ST

50 ST

56 ST57 ST

59 ST60 ST

61 ST

58 ST

43 ST

42 ST

44 ST45 ST

46 ST47 ST

48 ST49 ST

51 ST52 ST

53 ST54 ST

55 ST

50 ST

56 ST57 ST

59 ST60 ST

61 ST

58 ST

43 ST

62 ST

41 ST42 ST

44 ST45 ST

46 ST47 ST

48 ST49 ST

51 ST52 ST

53 ST54 ST

55 ST

50 ST

56 ST57 ST

43 ST

10 A

VEN

UE

10 A

VEN

UE

39 ST40 ST

41 ST42 ST

38 ST

44 ST45 ST

46 ST47 ST

48 ST

49 ST

51 ST52 ST

50 ST

53 ST54 ST

55 ST56 ST57 ST

FORT

HAM

ILTON

PARK

WAY

39 ST40 ST41 ST

42 ST

38 ST

44 ST

43 ST

45 ST46 ST

47 ST48 ST

49 ST50 ST

51 ST52 ST53 ST

54 ST55 ST

56 ST57 ST

11 AV

ENUE

11 AV

ENUE

59 ST60 ST61 ST

58 ST

62 ST

59 ST60 ST

61 ST

58 ST

62 ST63 ST

63 ST64 ST

63 ST64 ST

64 ST

64 ST

63 ST

64 ST

65 ST

64 ST

10 A

VEN

UE

65 ST

65 ST

WAKEMAN PL

BOWNE ST

COMMERCE ST

DELAVAN ST

VERONA STVISITATION PL

PIONEER ST

KING STSULLIVAN ST

WOLCOTT ST

DIKEMAN ST

COFFEY ST

VAN DYKE ST

BEARD STREED ST

FERR

IS S

TCO

NOVE

R ST

CONO

VER

ST

RICH

ARDS

ST

DWIG

HT S

TO

TSE

GO

ST

CO

LUM

BIA

ST

DWIG

HT S

T

LUQUER STHUNTINGTON STW 9 STMILL ST

HIC

KS

ST

HE

NR

Y S

T

LORRAINE ST

BAY ST

CLI

NTO

N S

T

CO

UR

T ST

SMIT

H S

T

BRYANT ST

BUSH ST

29 ST30 ST

31 ST32 ST

BERGEN ST

PACIFIC ST

STATE ST

6 A

VE

NU

E

5 A

VE

NU

E

4 A

VE

NU

E

3 A

VE

NU

E

RID

GE

BLV

D

CO

LON

IAL

RD

NA

RR

OW

S A

VE

67 STSENATOR ST

68 STBAY RIDGE AVE

70 ST

71 ST

72 ST

73 ST

74 STBAY RIDGE PKWY

76 ST

77 ST78 ST

78 ST

76 ST

74 ST

73 ST

72 ST

79 ST

79 ST

BAY RIDGE PKWY

3 A

VE

NU

E

RID

GE

BLV

D

CO

LON

IAL

RD

NA

RR

OW

S A

VE

NA

RR

OW

S A

VE

CO

LON

IAL

RD

RID

GE

BLV

D

4 A

VE

NU

E

4 A

VE

NU

E

5 A

VE

NU

E

6 A

VE

NU

E

5 AV

ENU

EFO

RT H

AM

ILTO

N P

KWY

3 A

VE

NU

E

86 ST

87 ST86 ST

87 ST

88 ST

89 ST

91 ST

92 ST

93 ST

94 ST

95 ST

96 ST

97 ST

80 ST

81 ST

82 ST

83 ST

84 ST

85 ST

80 ST

81 ST

82 ST

83 ST

85 ST

74 ST

73 ST

72 ST

BAY RIDGE AVE

68 ST

SENATOR ST

OVINGTON AVE

76 ST77 ST

78 ST79 ST

80 ST81 ST

82 ST83 ST

84 ST85 ST

5 AV

ENU

E

OLIVER

ST

93 ST

94 ST

95 ST

96 ST

97 ST

RIDGE

ST

99 ST

63 ST

CLA

SSON

AV

E

4 AV

E

4 AV

E

OC

EA

N A

VE

OC

EA

N A

VE

CHUR

CH AV

E

CATO

N AVE

ALBEMARLE RD

BEVERLY RD

CORT

ELYOU

RD

DORC

HEST

ER RD

ST

RA

TF

OR

D R

D

BU

CK

ING

HA

M R

D

RU

GB

Y R

D

E 17 ST

E 18

ST

E 19

ST

OC

EA

N A

VE

WE

ST

MIN

ST

ER

RD

ST

RA

TF

OR

D R

D

AR

GY

LE R

D

MA

RLB

OR

OU

GH

RD

TURNER PL

CO

NE

Y IS

LAN

D A

VE

DITMA

S AVE

DITMA

S AVE

BEVERLY RD

AVENUE C

CORTELYOU RD

DITMAS AVE

AVENUE C

CORTELYOU RD

DITMAS AVE

18 AV

E

18 AV

E

E 5 S

T

E 3 S

T

E 4

ST

E 2 S

T

OC

EA

N P

KW

Y

FOST

ER AV

E

FOST

ER AV

E

FL

AT

BU

SH

AV

E

BEVERLY AVEBEVERLY AVE

CLARENDON RD

CORTELYOU RD

RO

GE

RS

AV

ER

OG

ER

S A

VE

FLATBUSH AVE

FLATBUSH AVEFARRAGUT

RD

GLENWOOD RD

GLENWOOD RD

AVENUE H

E 17 ST

E 18

ST

E 19

ST

E 16

ST

RU

GB

Y R

D

FOST

ER AV

E

NEWK

IRK AV

E

MEN

AHA

N S

T

LIN

DEN

ST

GAT

ES A

VEPA

LMET

TO S

T

WO

OD

BIN

E ST

BORDEN AVE

54 AVE

51 AVE

50 AVE

VE

RN

ON

BLV

D

JACK

SON

AVE

51 AVE

BORDEN AVE

51 AVE

49 AVE

48 AVE

47 RD

47 AVE

46 RD

46 AVE

46 AVE

46 RD

47 AVE

49 AVE

MYRTLE AVE

COOPER

AVE

78 AVE

DEC

ATUR

ST

SUM

MER

FIEL

D S

T

NO

RMA

N S

T

STEP

HEN

ST

CEN

TRE

STG

EORG

E ST

MINNA

ST

12 AVE

TEHAM

A ST

CLARA

ST

LOUIS

A ST

CH

ESTER AV

MARTENSE LANE

12 A

VENU

E

13 A

VENU

E

14 A

VENU

E

15 A

VEN

UE

16 A

VENU

E

17 A

VEN

UE

39 ST40 ST

41 ST42 ST

38 ST

44 ST

43 ST

45 ST46 ST

47 ST

37 ST

39 ST40 ST

41 ST42 ST

38 ST

44 ST

43 ST

45 ST46 ST

47 ST

37 ST

39 ST40 ST

41 ST42 ST

38 ST

44 ST

43 ST

45 ST46 ST

47 ST

37 ST

39 ST40 ST

41 ST42 ST

38 ST

44 ST

43 ST

45 ST

47 ST

48 ST49 ST

50 ST48 ST

49 ST50 ST

48 ST49 ST

50 ST 48 ST49 ST

50 ST

41 ST42 ST

44 ST

43 ST

45 ST

12 A

VENU

E

13 A

VENU

E

51 ST

52 ST

53 ST

52 ST

CLARENDON RD

AVENUE D

FOSTER AVE

FARRAGUT RD

GLENWOOD RD

AVENUE D

FOSTER AVE

FARRAGUT RD

GLENWOOD RD

BR

OO

KLY

N A

VE

CORTELYOU RD

BR

OO

KLY

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3Nowadays

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5BrooklynGreens

6BombayKitchen

7Angela’sBakery

8Jimmy’sPizza

9AWinXinKitchen

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11CrossFitBridge&Tunnel

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17 father knows best18 Routine Bushwick

RETAIL MAP


6

102101

10-85 Irving Avenue, Queens (Scenario B-Prebuilts) - Floor 1 : Area Categories

Store Area Building Common Area Office Area Floor Common Area Non-Rentable Area

1st Floor

102101



25,472 sf 3,229 sf

FLOOR PLANS


7

MEZZANINE

COURTYARD BOILER ROOMCOURTYARD

MEZZANINE

MEZZANINE

201

202A

301A

202B



2nd Floor

102101



23,597 sf 4,297 sf

234 sf

2,948 sf


8

301



3rd Floor

102101



3,479 sf

For More Information, Please Contact:

Robert KnakalChairman(212) 660 [email protected]

dj johnstonDirector(718) 307 [email protected]

Jonathan HagemanExecutive Managing Director(212) 660 [email protected]

275 Madison Ave, 3rd FlNew York, NY 10016

phone: +1 212 696 2500nyinvestmentsales.com

ASKING PRICE:$25,000,000 george d’ambrosioDirector

(212) 660 [email protected]

thomas donovanvice chairman(718) 512 [email protected]

\ Broker Confidentiality and Indemnification Agreement

1519 Decatur Street (a.k.a. 10-85 Irving Avenue) Ridgewood, New York 11385

Principal: ________________________________ (“Potential Purchaser”)

Title: ________________________________

Company: ________________________________

Address: ________________________________

Address: ________________________________

Phone/Fax: ________________________________

E-Mail: ________________________________

Salesperson: _______________________________ (“Broker”)

Company: ________________________________

Address: ________________________________

Address: ________________________________

Phone/Fax: ________________________________

E-Mail: ________________________________

Re: Confidentiality and Indemnification Agreement

Page 1 of 4

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We have advised you that Cushman & Wakefield Realty of Manhattan LLC, (“Agent”) is acting as exclusive agents on behalf of the ownership and their related companies, The Owner (“Owner”), in connection with the possible sale of 1519 Decatur Street (a.k.a. 10-85 Irving Avenue) Ridgewood, New York the(“Property”). You have informed us that _______________________ (“Broker”) is authorized to act on behalf of _____________________________-____ (“Potential Purchaser”) and represent that Potential Purchaser is interested in the possible purchase of the Property, and has the experience and financial capabilities to undertake a transaction of this magnitude.

Broker may make such Confidential Information available to Potential Purchaser upon execution of this Confidentiality Letter. The Confidential

Information is intended solely for Potential Purchaser’s limited use in evaluating the Property. This is not an agreement to sell the Property or any interest therein. No agreement binding upon Owner, or any of its associated or affiliated companies, to sell the Property shall be deemed to exist, at law or equity, until Owner enters into a formal binding agreement, fully executed and delivered by all parties thereto. Broker has no authority to bind Owner in connection with the sale of the Property or otherwise.

The Confidential Information contains brief, selected information pertaining to the Property and the business and affairs of Owner. It does not purport to be all inclusive or to contain all the information which Potential Purchaser or a prospective purchaser or lender may desire. Neither Agent, Owner, or Broker makes any representation or warranty, expressed or implied, as to the accuracy or the completeness of the Confidential Information and no legal liability is assumed or to be implied with respect thereto.

Broker has informed Potential Purchaser that it is of utmost importance that all discussions concerning the proposed transaction (including, without limitation, the fact that any discussions have taken or are taking place) be kept in strict confidence. Accordingly, Potential Purchaser hereby agrees that the Confidential Information will be used only in connection with the proposed transaction and its consideration thereof, and that all discussions concerning the transaction, as well as all Confidential Information, will be kept confidential by Potential Purchaser and its partners, officers, members, agents, employees, contractors, and consultants, and shall not, except as hereinafter provided, be disclosed in any manner whatsoever without the prior written consent of Owner, which may be granted or withheld in Owner’s sole and absolute discretion. Information concerning the transaction and the Confidential Information shall be submitted only to those partners, officers, members, agents, employees, contractors and consultants who need to know such information for the purpose of evaluating the transaction and who shall (i) be advised by Broker or Potential Purchaser of the confidential nature of the information and (ii) shall be instructed by Broker or Potential Purchaser to treat such information confidentially. Broker and Potential Purchaser will be responsible for any such persons to comply with such instruction.

Owner expressly reserves the right to reject any or all proposals or expressions of interest to purchase the Property, to consummate the sale of the Property to a party other than Potential Purchaser, and to terminate discussions at any time with or without notice. If Potential Purchaser does not wish to pursue negotiations, or such negotiations are undertaken but a transaction fails to be consummated with Potential Purchaser, Potential Purchaser hereby agrees to promptly return the Confidential Information to Agent.

Broker and Potential Purchaser understand and foresee that any violation of this Confidentiality Letter would damage Owner and Agent and their respective successors. Broker and Potential Purchaser hereby agree to indemnify, defend and hold harmless Owner and Agent and their respective members, directors, officers, employees, agents, representatives, successors and assigns from and against any and all liability, claim, demand, loss, cost, damage, expense or cause

Page 2 of 4

3

of action (including without limitation, reasonable attorneys' fees and expenses) in connection with any breach or alleged breach of the confidentiality provisions of this Agreement. In addition, Broker and Potential Purchaser agree that Owner and Agent will have no adequate remedy at law if Broker or Potential Purchaser violates any of the terms of this Confidentiality Letter. In such event, Owner and/or Agent will have the right, in addition to any other right Owner and Agent may have, to seek injunctive relief to restrain any breach or threatened breach by Broker or Potential Purchaser or specific enforcement of such terms.

Broker and Potential Purchaser understand and agree that the Confidential Information does not purport to be complete and accurate, and that Broker and Potential Purchaser will rely entirely on its own due diligence with regard to all matters. No representations or warranties are implied by the submission of the Confidential Information and none is given unless Owner subsequently elects to make specific, limited representations and warranties in a final, fully executed and delivered, sale agreement definitive in form and scope. Broker and Potential Purchaser agree that neither Owner nor Agent shall not have any liability to Broker or Potential Purchaser as a result of its use of the Confidential Information and it is understood that Broker and Potential Purchaser are expected to perform and be responsible for such due diligence investigations and inspections of the Property, including investigation of any environmental conditions, as Potential Purchaser deems necessary or desirable and as permitted by agreement with Owner.

Very truly yours,

CUSHMAN & WAKEFIELD, Agent

By_____________________

Name: Robert A. Knakal Title: Chairman

ACCEPTED AND AGREED TO: Principal: ______________________ (Please Print)

Signature: ______________________

Title: ______________________

Dated: ___________________, 20__

Page 3 of 4

4

Broker: ______________________ (Please Print)

Signature: ______________________

Title: ______________________

Dated: ___________________, 20__

Please Email or Fax This Fully Executed Agreement to Kameryn Tanita at [email protected] or (347) 402-7572

Page 4 of 4
mailto:[email protected]

1519 decatur street...e ox factory / 519 ecar sree 2 newly renovated ~63,250 rentable sf commercial...

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