NEW YORK CITY—Eastern Consolidated has been named the exclusive agent to market for sale 61-71 Wythe Ave. in Williamsburg, occupied by the popular Brooklyn Bowl and Brooklyn Brewery.

Chad Sinsheimer, director of Eastern Consolidated, exclusively represents the ownership. Former Eastern principal and executive managing director David Schechtman also was representing the landlord but he left Eastern last week for another firm.

“Ownership has guaranteed the tenants that the sale will not affect their leases, which expire in 2021 and 2025, respectively,” says Schechtman. “These two businesses have become icons in Brooklyn, and buying and holding the property as-is could yield bigger returns in the future as the neighborhood is still changing.”

The 35,000-square-foot retail and industrial warehouse building is zoned for 70,000 square feet of hotel, office, or retail development. An additional 100,000 square feet can be constructed atop the existing one-story structure in the form of community space, with zoning allowance permitting the development of doctors' offices, education facilities, or social-services facilities at the site. 

“Williamsburg is an established hotbed of boutique and luxury hotels –– not to mention retail, bars, and restaurants –– and the continued success of both businesses here could make this a tremendous, long-term investment for a buyer,” Sinsheimer adds. “The best corners in the neighborhood simply have not been available, much less come to market, until now.”

The property features 361 feet of wraparound frontage and is located directly across from the Wythe Hotel, one block from McCarren Park, and offers convenient access to Midtown Manhattan via the L subway line and East River Ferry.