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.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).