A modified gross lease
is a lease structure where both the landlord and the tenant are responsible for paying a property’s operating expenses. The specific operating expenses paid by a tenant or a landlord under a modified gross lease can and do vary widely.
Prime Retail/Flex Opportunity in Williamsburg – 88 S 8th Street
Discover a rare leasing opportunity at 88 S 8th Street, a standalone 1,650 SF commercial building nestled in the heart of South Williamsburg. This versatile space boasts 12+ foot ceilings and is illuminated by three expansive skylights, creating an inviting atmosphere ideal for boutique retail, creative studios, or specialty showrooms.
Property Highlights:
Size: 1,650 SF
Ceiling Height: 12+ feet
Natural Light: Windows on french doors, three large skylights
Availability: Immediate
Lease Terms: Flexible; Modified Gross
Monthly Rent: $8,000
Zoning: R6
Amenities: Private restroom, HVAC
Location Advantages:
Situated between Wythe Avenue and Berry Street, this property is surrounded by luxury residential developments and a vibrant mix of dining and retail establishments. Its prime corner position ensures excellent visibility and foot traffic.
Transportation:
Subway Access: Close proximity to Marcy Avenue (J/M/Z lines) and Bedford Avenue (L line) stations
Ferry Access: Two blocks from the South Williamsburg Ferry stop
Ideal Uses:
Boutique retail
Creative studios
Showrooms
Specialty offices
Coffee Shop
Amenities
Fire Alarm
HVAC Can be installed
High Ceilings
Inline
Partial Build-Out
Sprinkler System
Street Parking
Nearby Transport
Subway
Bus
Marcy Av Station
8 min walk, 0.44 miles away
M
J
Z
Hewes St Station
13 min walk, 0.68 miles away
M
J
Z
Bedford Av Station
14 min walk, 0.72 miles away
L
Metropolitan Av Station
15 min walk, 0.80 miles away
G
Lorimer St Station
20 min walk, 1.05 miles away
M
J
Z
L
Broadway / Wythe Av Station
2 min walk, 0.09 miles away
B32
Q59
Broadway / Bedford Av Station
3 min walk, 0.13 miles away
B32
Q59
Bedford Av / Broadway Station
3 min walk, 0.15 miles away
B62
Broadway / Kent Av Station
3 min walk, 0.15 miles away
B32
Q59
Division Av / Berry St Station
3 min walk, 0.16 miles away
B62
Available Now
$8,000
per month
1,650 ft²
$58.18 PSF
Modified Gross
A modified gross lease
is a lease structure where both the landlord and the tenant are responsible for paying a property’s operating expenses. The specific operating expenses paid by a tenant or a landlord under a modified gross lease can and do vary widely.