Brooklyn, NY – The properties are located at 517 39th Street in Sunset Park and 682 & 692 Bushwick Avenue in Bushwick.
A team led by Vice Chairman Stephen R. Preuss will represent the seller, Kings King Realty, LLC, in all marketing efforts at 517 39th Street with Kevin Louie.
Preuss will also represent the seller in all marketing efforts at 682 & 692 Bushwick Avenue with Kevin Schmitz.
“These properties are rare opportunities to capitalize on the growing demand for recently-constructed hotel and multifamily spaces in the Sunset Park and Bushwick neighborhoods,” said Preuss. “All property locations provide close access to transportation and a plethora of neighborhood offerings.”
517 39th Street is a 20,640-square-foot, six-story hotel building with M1-2 zoning and 36,058 max buildable square feet in Sunset Park, Brooklyn. The turn-key hotel building has 45 units with a vacant commercial unit on the ground floor. The building comes equipped with balcony access, elevators, parking spaces and access to multiple bus lines, as well as the D, N and R trains. The asking price is $9.5 million.
682 & 692 Bushwick Avenue is a two-building multifamily portfolio totaling 59,927 square feet in Bushwick, Brooklyn. This property comes equipped with stainless steel appliances, granite countertops and a rooftop lounge. The surrounding neighborhood offers unique street art, local shops and diverse cuisine. This package of two multifamily buildings are both located on corner lots within close proximity to the M, J and Z trains.
About Cushman & WakefieldCushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
