25
H OPE S TREET
B ROOKLYN , N EW Y ORK 11211
W ILLIAMSBURG B OUTIQUE M IXED -U SE D EVELOPMENT S ITE Block / Lot:
2368 / 34
Lot Dimensions: (Approx.)
25’ x 91.5’
Lot SF: (Approx.)
2,288
Zoning:
M1-2 / R6A
Manufacturing FAR:
2.00
Base Residential FAR:
2.70
Residential FAR With IH Bonus:
3.60
Base Buildable SF: (Approx.)
6,178
Max Buildable SF: (Approx.)
8,236
RE Assessment(15/16):
$8,806
Actual RE Taxes(15/16):
$1,687
*ALL SQUARE FOOTAGES ARE APPROXIMATE
Description: A 25’ wide boutique development site located on the north side of Hope Street between Roebling and Havemeyer Streets in Williamsburg, Brooklyn. Plans have been approved by the DOB and building permits have been obtained, allowing for immediate development of a 4-story, 8-unit residential building, with a duplexed lower level space. 421-a Tax Abatement certificates are included. Surrounding new developments have achieved premium pricing due to the abundance of nearby amenities and fast paced area growth. Nearby, are popular Brooklyn eateries such as Fette Sau, Caracas Arepa Bar, Bozu, Rye, Roebling Tea Room, and Momofuku Milk Bar driving long term foot traffic to the area. It is within close proximity to the Lorimer Street L train stop. This represents a prime boutique development opportunity located in Brooklyn’s trendiest neighborhood.
ASKING PRICE: $3,250,000 For further information or inspection please contact Exclusive Agents:
JAMES NELSON Vice Chairman 212.696.2500 x7710
BRENDAN MADDIGAN Director 718.307.6507
MATTHEW NICKERSON Associate Director 212.660.7742
MARK LIVELY Associate Director 718.307.6524
ETHAN STANTON Senior Associate 718.307.6553
[email protected] [email protected] [email protected] [email protected] [email protected] The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
275 Madison Avenue • Third Floor • New York, NY 10016 • 212.696.2500 • Fax 212.696.0333
1
115 MACDOUGAL STREET
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www.masseyknakal.com #
THE BRONX
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