Brooklyn, NY – January 2018 - M Properties Group has successfully arranged another long-term lease on Wyckoff Avenue near Troutman Street, in the heart of the hipster kingdom. Wyckoff Avenue is a fast-emerging retail corridor that’s already home to House of Yes, Artichoke Pizza, Hana Foods, and numerous bars on each adjacent city block. This stretch near the Jefferson L is often considered the next Bedford Avenue in the commercial real estate community.
The tenant will be a self-service restaurant offering a selection of salads and healthy food. This is the 9th location for the team behind the popular Mr. Kiwi, Mr. Pina, Mr. Coco, and affiliated stores.
The retail space is 2,442 SF on 31 Wyckoff Avenue, which was offered exclusively by M Properties Group with an asking rent of $85 PSF.
The building has been owner-occupied for industrial use until the most recent conversion to retail use.
M Properties Group has completed many similar transactions for warehouse owners in Bushwick, enabling owners who were previously collecting industrial rents to start collecting retail rents through MPG’s strategic representation.
The NYC commercial real estate brokerage firm was founded in 2007. The team focuses on value-add, development, and redevelopment opportunities in Manhattan and North Brooklyn, as well as retail leasing services in these territories.