250 manhattan avenue - AGORAFY
FOR SALE DEVELOPMENT SITE WITH APPROVED PLANS
250 MANHATTAN AVENUE Williamsburg, Brooklyn Rendering from the approved plans
DEVELOPMENT SITE WITH APPROVED PLANS PROPERTY FEATURES
Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of a development site at 250 Manhattan Avenue in Williamsburg, Brooklyn. The development site is zoned C4-3 (R6 equivalent) per the Board of Standards and Appeals resolution (originally zoned R6B). This allows a developer to build up to 8,500 SF or up to 8,078 SF per the approved plans. The BSA resolution and the approved plans are available upon request. This 25’ x 100’ lot is located just off of Grand Street, a main retail corridor in this neighborhood. It is also in close proximity to the Lorimer L Train Station and the Metropolitan G Train Station.
Location
Subject property is located on the east side of Manhattan Avenue between Powers & Grand Streets
Block / Lot
2782 / 1
Lot Dimensions
25’ x 100’
Lot SF
2,500 approx.
Zoning
C4-3 (R6 equivalent) per BSA Resolution
Commercial FAR
3.40
Residential FAR
2.20
Total Buildable SF
8,500 approx.
Total Floor Area (SF, per plans)
8,078 approx.
Assessment (15/16)
$149,175
Taxes (15/16)
$19,218
With the initial foundation in place, this is a unique opportunity to take over a project primed for development. Potential investors are effectively narrowing the construction timeline to about a year, reducing the risk from future market fluctuations, while capitalizing on record condominium sellouts and growing rents in the thriving Williamsburg neighborhood.
Williamsburg 250 MANHATTAN AVENUE G
L
L
For more information, please contact:
ASKING PRICE
$3,550,000 205 Montague Street, 3rd Floor Brooklyn, NY 11201 T: +1 718 238 8999 cushmanwakefield.com
Brendan Maddigan Director of Sales 718.307.6507
Mark Lively Associate Director 718.307.6524
[email protected]
[email protected]
Ethan Stanton Senior Associate 718.307.6553
Michael Gigante Associate 718.307.6555
[email protected]
[email protected]
Bogdan Trach Associate 718.307.6554
Taylor Wos Associate 718.307.6506
[email protected]
[email protected]
Cushman & wakefield copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
250 MANHATTAN AVENUE Williamsburg, Brooklyn Rendering from the approved plans
DEVELOPMENT SITE WITH APPROVED PLANS PROPERTY FEATURES
Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of a development site at 250 Manhattan Avenue in Williamsburg, Brooklyn. The development site is zoned C4-3 (R6 equivalent) per the Board of Standards and Appeals resolution (originally zoned R6B). This allows a developer to build up to 8,500 SF or up to 8,078 SF per the approved plans. The BSA resolution and the approved plans are available upon request. This 25’ x 100’ lot is located just off of Grand Street, a main retail corridor in this neighborhood. It is also in close proximity to the Lorimer L Train Station and the Metropolitan G Train Station.
Location
Subject property is located on the east side of Manhattan Avenue between Powers & Grand Streets
Block / Lot
2782 / 1
Lot Dimensions
25’ x 100’
Lot SF
2,500 approx.
Zoning
C4-3 (R6 equivalent) per BSA Resolution
Commercial FAR
3.40
Residential FAR
2.20
Total Buildable SF
8,500 approx.
Total Floor Area (SF, per plans)
8,078 approx.
Assessment (15/16)
$149,175
Taxes (15/16)
$19,218
With the initial foundation in place, this is a unique opportunity to take over a project primed for development. Potential investors are effectively narrowing the construction timeline to about a year, reducing the risk from future market fluctuations, while capitalizing on record condominium sellouts and growing rents in the thriving Williamsburg neighborhood.
Williamsburg 250 MANHATTAN AVENUE G
L
L
For more information, please contact:
ASKING PRICE
$3,550,000 205 Montague Street, 3rd Floor Brooklyn, NY 11201 T: +1 718 238 8999 cushmanwakefield.com
Brendan Maddigan Director of Sales 718.307.6507
Mark Lively Associate Director 718.307.6524
[email protected]
[email protected]
Ethan Stanton Senior Associate 718.307.6553
Michael Gigante Associate 718.307.6555
[email protected]
[email protected]
Bogdan Trach Associate 718.307.6554
Taylor Wos Associate 718.307.6506
[email protected]
[email protected]
Cushman & wakefield copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
