Mixed-UseAvailable
Kiln Street Lofts
242 Kiln Street · Gowanus, Brooklyn, NY
Asking
$6.4M
$612 / SF · 10,450 SF
Overview
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Limestone-clad mixed-use building with three retail bays and twelve loft-style residences above. Strong in-place rent roll.
- 3 retail tenants
- 12 leased residences
- Below-grade parking
- Stable NOI
Specifications
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| Type | Mixed-Use |
|---|---|
| Rentable area | 10,450 SF |
| Floors | 5 |
| Year built | 2017 |
| Price per SF | $612 |
| Cap rate | 6.1% |
| Status | Available |
Lease terms
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Lease type: Modified gross with operating expense stop.
Term: 5–10 years with renewal options at fair-market.
Escalations: 3.0% annual fixed.
TI allowance: Negotiable, based on credit and term.
Security: 3 months for credit tenants; LOC accepted.
Location
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Gowanus sits at the intersection of strong public transit, dense daytime population, and a maturing retail corridor. Walk Score 94, Transit Score 88.
Subway
3 min walk
Bike
12 docks adj.
F&B
40+ within 5 min
