Property Type Office - Creative Office
Property Size 128,768 Sqft
Lot Size 0.51 Acre
Parking Spaces Avail. 333
Parking Ratio 2.59/ 1,000 SF

Location

City Brooklyn, NY
Neighborhood Williamsburg
Zip Code 11249
Market Brooklyn

Contacts

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Owner

True Owner
Registered Owner

Brokers

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Documents

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Sales

Purchase Price
Arm's Length True
Buyer Name

Mortgages

Current Lender
Loan Amount
Loan Origination Date
Loan Maturity Date

Market Trends

Average Actual Rents in Brooklyn

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent

Net Rent

$44.3/SF/YR

Recoverables Show detailsHide details

$16.7/SF/YR

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Occupancy & Leasing Activity

Occupancy

83.5%

Lease Spread

-20.5%

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Asking Rents in Brooklyn Office Market

Office rental rates are based on aggregated data of asking rates.

2020 Avg. Asking Rent $51.42
2020 Office Vacancy Rate 13.25%
2020 Office Completions (Sqft) 1,135,429

Brooklyn Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

2020 Avg. Price per Sqft $320.11
Y-o-Y Avg. PpSF Change -21.62%
2020 Office Sales Volume $533.4M
2020 Number of Transactions 8

View more Brooklyn market trends

Tax

Property Tax in 2021-2022 $68,065
Market Value $1,422,000
Assessed Value $1,422,000

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77 Wythe Avenue, Brooklyn, NY 11249 - Office Space

77 Wythe Avenue is located at 77 Wythe Avenue in the Williamsburg neighborhood, NY, Brooklyn, 11249. The Office building features a total of 128,768 Sqft.

There are 144 office spaces for lease in the Williamsburg neighborhood, totaling 779,211 Sqft of available office space. The average asking office rent per sq. ft. in Williamsburg is $37.3/sqft/year. For Class A office buildings the average office rate is $33.33/sqft/year, for Class B office buildings the average office rate is $633/sqft/year, for Class C office buildings the average office rate is $35/sqft/year.

In Williamsburg, there are 17 class A office buildings, there are 10 class B office buildings, there are 4 class C office buildings. At zip code level, there are 18 commercial properties, of which 12 are office buildings over 50,000 square feet.