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Deals & Dealmakers

Rare Windsor Terrace Commercial Condo hits the Market

Adelaide Polsinelli, Vice Chairman of Compass, and Alexandra Florio, Associate Broker at Compass, a technology-driven real estate platform, has been hired to sell a commercial condo space at 150 Ocean Parkway (aka. 251 East 5th Street) in the Brooklyn neighborhood of Windsor Terrace in New York City.

The property consists of approximately 9,850 SF on two floors, with 1,670 sq ft on the ground floor, and 8,147 sq ft on the lower level, equipped with professional grade venting. The facility includes six outdoor parking spaces in an interior lot. There are dual block-through entrances at both 251 East 5th Street and 150 Ocean Parkway which includes curb cuts and drop-off space for ambulette, or other community transportation access.

The property is strategically located on Ocean Parkway and therefore provides quick access to and from all parts of Brooklyn. The condo is located between Caton Avenue and Albemarle Road near the Church Avenue subway station and is a short walk to Prospect Park. Additional benefits include a growing community with schools, houses of worship, shopping, and medical services nearby but with clear pockets of commercial opportunity and unmet commercial needs.

The site has month to month tenants in place or can be delivered vacant –offering a unique opportunity for a variety of community uses. Major tenants have included a sleep center, and currently an adult independent care center.

“Historically, this area was best known for its concentration of educational, and medical tenants,” noted Polsinelli. “With the landscape evolving, I am now seeing owner users stepping up as buyers to purchase real estate for their own businesses.”

“This is an extraordinary opportunity which will benefit from the accelerated transition of the Windsor Terrace and Kensington area, meeting the increased demand for services in this robust community,” added Polsinelli.

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