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116 N 5th St

Williamsburg, Brooklyn, NY
Floors
1

About 116 N 5th St

The charming, one-story building at 116 N 5th St presents an amazing opportunity for tenants looking to rent in one of New York’s most vibrant neighborhoods: the north side of Williamsburg. Featuring approximately 5,000 square feet, the spaces in the building are well-suited for a large range of tenants and industries.

Huge skylights and mezzanine spaces provide a loft-like feel that is ideal for office, yoga studio, spa, gym, art gallery, private venue space or more – whatever the desire of the tenant! The space is bright and can be configured into a variety of uses.

Tenants are just a short walk from the Bedford Ave L; other transportation options are also within an easy walk. The neighborhood is riddled with retail services, specialty retailers and restaurants, allowing tenants convenience.

This is an interesting brick building that provides a focal point on 5th St. The previous tenants had the building painted on each side to distinguish between the two businesses. A large glass storefront display provides a great accent to the subtle architectural details.

Companies at 116 N 5th St

Two Door Tavern Bar Restaurant Food

Internet Providers for 116 N 5th St

Provider Technology Max Download Speed Max Upload Speed
Cablevision/Optimum Cable
1 Gb/s
25 Mb/s
Verizon New York Fiber
1 Gb/s
25 Mb/s
Time Warner Cable Cable
100 Mb/s
6 Mb/s
MegaPath DSL
25 Mb/s
1.5 Mb/s

The Neighborhood: Williamsburg

On average, listings lease in the $40's per square foot per year. The Williamsburg region is seeing a decrease in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 12% decline in rent.

Compared to the rest of the New York City market, the Williamsburg submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.

Median Rate Median Size
Williamsburg $49
/sqft/yr
2,300
sqft
Median Rate Median Size
New York City $66
/sqft/yr
3,372
sqft

Median Rate over Time in Williamsburg