644 MANHATTAN AVENUE Greenpoint, Brooklyn - Agorafy
644 MANHATTAN AVENUE Greenpoint, Brooklyn Development Site
FOR SALE
7,500 BSF | 25’ of Frontage on Manhattan Avenue
BUILDING FEATURES
PROPERTY PHOTO
LOCATION
Located on the east side of Manhattan Avenue between Norman Avenue and Nassau Avenue
BLOCK / LOT
2647 / 39
LOT DIMENSIONS
25’ x 100’
BUILDING DIMENSIONS
23’ x 55’
BUILDING SIZE S.F.
2,530
STORIES
2
COMMERCIAL UNITS
1
RESIDENTIAL UNITS
1
ZONING
R6A / C2-4
RESIDENTIAL FAR
3.00
COMMERCIAL FAR
2.00
LOT S.F.
2,500
TOTAL BUILDABLE S.F.
7,500
MINUS EXISTING STRUCTURE
2,530
AVAILABLE AIR RIGHTS
4,970
ASSESSMENT (15/16)
$126,341
TAXES (15/16)
$13,463
Greenpoint Avenue G Train Station G
Nassau Avenue 644 Manhattan Avenue G Train Station G
PROPERTY DESCRIPTION
Greenpoint
The subject property is a development site in Greenpoint, Brooklyn. The retail on the first floor is currently occupied but will be vacated by the end of 2015 as will the apartment on the second floor. The property is located at the end of Bedford Avenue, which funnels the majority of Northside Williamsburg foot traffic coming to northern Greenpoint. The Nassau Avenue G Train station is less than a block away. Additionally, 8,000 residential units are slated for development on the Greenpoint waterfront which will lead to an increase in foot traffic on retail corridors in the years to come. This is an excellent opportunity to acquire a mixed-use asset that can be repositioned or used as a ground-up development site on Greenpoint’s main retail corridor. Strictly residential side street development sites in the area have traded for up to $400 a foot. In this location on Manhattan Avenue, retail rents approach $100 / S.F., which equates to around $500 per buildable square foot in value.
Bedford Avenue L Train Station
L
Brooklyn
ASKING PRICE
$4,000,000
$533.33 / BUILDABLE SQUARE FOOT
N
FOR MORE INFORMATION, PLEASE CONTACT: Brendan T. Maddigan Director (718) 307 6507
[email protected]
Mark L. Lively Associate Director (718) 307 6524
[email protected]
Ethan S. Stanton Senior Associate (718) 307 6553
[email protected]
Taylor A. Wos Associate (718) 307 6506
[email protected]
CUSHMAN & WAKEFIELD 205 Montague Street, 3rd Floor Brookyn, NY 11201 [email protected] nyinvestmentsales.com Michael L. Gigante Associate (718) 307 6555
No warranty or representation, express or implied, is made as to the accuracy 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 our client. The depiction in the above photography of any person, entity, sign, logo or property (other than Cushman & Wakefield’s client and the Property offered by Cushman & Wakefield) is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and Cushman & Wakefield or its client.
FOR SALE
7,500 BSF | 25’ of Frontage on Manhattan Avenue
BUILDING FEATURES
PROPERTY PHOTO
LOCATION
Located on the east side of Manhattan Avenue between Norman Avenue and Nassau Avenue
BLOCK / LOT
2647 / 39
LOT DIMENSIONS
25’ x 100’
BUILDING DIMENSIONS
23’ x 55’
BUILDING SIZE S.F.
2,530
STORIES
2
COMMERCIAL UNITS
1
RESIDENTIAL UNITS
1
ZONING
R6A / C2-4
RESIDENTIAL FAR
3.00
COMMERCIAL FAR
2.00
LOT S.F.
2,500
TOTAL BUILDABLE S.F.
7,500
MINUS EXISTING STRUCTURE
2,530
AVAILABLE AIR RIGHTS
4,970
ASSESSMENT (15/16)
$126,341
TAXES (15/16)
$13,463
Greenpoint Avenue G Train Station G
Nassau Avenue 644 Manhattan Avenue G Train Station G
PROPERTY DESCRIPTION
Greenpoint
The subject property is a development site in Greenpoint, Brooklyn. The retail on the first floor is currently occupied but will be vacated by the end of 2015 as will the apartment on the second floor. The property is located at the end of Bedford Avenue, which funnels the majority of Northside Williamsburg foot traffic coming to northern Greenpoint. The Nassau Avenue G Train station is less than a block away. Additionally, 8,000 residential units are slated for development on the Greenpoint waterfront which will lead to an increase in foot traffic on retail corridors in the years to come. This is an excellent opportunity to acquire a mixed-use asset that can be repositioned or used as a ground-up development site on Greenpoint’s main retail corridor. Strictly residential side street development sites in the area have traded for up to $400 a foot. In this location on Manhattan Avenue, retail rents approach $100 / S.F., which equates to around $500 per buildable square foot in value.
Bedford Avenue L Train Station
L
Brooklyn
ASKING PRICE
$4,000,000
$533.33 / BUILDABLE SQUARE FOOT
N
FOR MORE INFORMATION, PLEASE CONTACT: Brendan T. Maddigan Director (718) 307 6507
[email protected]
Mark L. Lively Associate Director (718) 307 6524
[email protected]
Ethan S. Stanton Senior Associate (718) 307 6553
[email protected]
Taylor A. Wos Associate (718) 307 6506
[email protected]
CUSHMAN & WAKEFIELD 205 Montague Street, 3rd Floor Brookyn, NY 11201 [email protected] nyinvestmentsales.com Michael L. Gigante Associate (718) 307 6555
No warranty or representation, express or implied, is made as to the accuracy 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 our client. The depiction in the above photography of any person, entity, sign, logo or property (other than Cushman & Wakefield’s client and the Property offered by Cushman & Wakefield) is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and Cushman & Wakefield or its client.
