Cohen, Marks and Matheos of TerraCRG retained to market sale of 9419-9423 Fifth Avenue

Brooklyn, NY TerraCRG has been retained exclusively to sell a commercial property at 9419-9423 Fifth Ave., located between 94th and 95th Sts. in Bay Ridge. Ofer Cohen, Dan Marks and Peter Matheos, along with their teams, are marketing the property. The asking price is $2.95 million. Situated on the southern edge of Bay Ridge, the two-story, mixed-use building contains approximately 2,860 s/f and consists of ground floor retail with a loft-style apartment above. Additionally, the property benefits from a 3,850 s/f parking lot with a curb cut. It is zoned C2-3/R6A/BR, allowing for 15,817 buildable s/f for residential and commercial use. “This property presents an ideal opportunity for a developer looking to take advantage of the significant air rights offered, or for a user looking to operate out of the existing building, utilizing the parking lot as an amenity,” said Matheos, vice president at TerraCRG. Part of Bay Ridge’s strongest commercial corridors, the property is surrounded by national retailers, as well as an array of restaurants and boutiques. The nearby 86th Street retail corridor is the premier shopping district in South Brooklyn, with more than 100 shops between Third Ave. and Ft. Hamilton Parkway. Ideally located at the intersection where Fourth and Fifth Avenues combine into one street, the building has great exposure to both pedestrian and vehicular traffic and is just steps from the R train. Additionally, it is in proximity to the x27 and x37 busses, the Shore Road entrance to the Gowanus Expressway and the Verrazano Bridge.