B6 Markets Williamsburg Retail Building for Sale
B6 Real Estate Advisors will serve as the exclusive agents of sale for 87 Wythe Ave., a two-story, gut renovated, commercial building in Williamsburg and listed for $42 million. The existing building is 95% leased to nine tenants, with a tenancy mix of high-end retail, fully leased co-working and food & beverage.
“This is the most compelling retail opportunity in Brooklyn right now,” said B6’s DJ Johnston. “Premier location, thriving Williamsburg tenancies, quintessential industrial-modern design, and safe post-COVID lease rates. Where else can you find these fundamentals in NYC, at this scale, with the cash flow security of nine individual tenants?”
Johnston is representing seller Cayuga Capital Management along with B6’s Paul Massey, Christian Kane, Bryan Kirk and Robert Moore.
Current tenants at 87 Wythe include Colossal Media, Brooklyn Billiards, Hatchet & Hops, The New Work Project, The Bar Method, JJ’s Hideaway, Sushi on Wythe and Kahkow.