EPIC Commercial Realty is pleased to announce the sale of 174 Knickerbocker Avenue, a re-development site in Bushwick, Brooklyn.

Located on Knickerbocker Avenue, between Melrose Street and Jefferson Street, the property is a vacant three-story residential building comprised of 3,750 square feet, providing 5,500 square feet of development rights. The property currently contains three apartments and can be converted into a six-family building. The site is ideally situated four blocks from the Jefferson Street [L] train station. According to EPIC Commercial Realty Associate Broker, Mark Akilov, "the property boasts 1,750 square feet of extra air rights, providing a perfect residential re-development opportunity in a dynamic neighborhood in Brooklyn."

Yona Edelkopf, Yuriy Ustoyev and Mark Akilov

With Williamsburg becoming one of the most expensive neighborhoods in New York City, Bushwick has undergone a massive investment and development process over the past few years, particularly around the Jefferson and Dekalb [L] train stations. With new retail shops, restaurants and nightlife areas continuously opening up around the neighborhood, Bushwick has become one of the most desirable areas of Brooklyn.

EPIC Commercial Realty sold 174 Knickerbocker Avenue for $1,800,000. CEO, Yona Edelkopf, represented the seller; Investment Sales Associate, Yuriy Ustoyev, and Associate Broker, Mark Akilov, represented the buyer.

About EPIC Commercial Realty

EPIC Commercial Realty is a full-service commercial investment brokerage firm that provides comprehensive and innovative real estate solutions to investors, property owners, and corporations worldwide. EPIC Commercial Realty is dedicated to continuously developing dynamic relationships resulting in increased capital beyond the expectation of our clients. Through such principles as integrity and hard work, we strive to develop into an esteemed commercial investment resource for property owners, investors, and corporations worldwide.