730 MANHATTAN AVENUE Greenpoint, Brooklyn
730 MANHATTAN AVENUE Greenpoint, Brooklyn FOR SALE
Development Site
7,500 BSF | 25’ of Frontage on Manhattan Avenue
BUILDING FEATURES
PROPERTY PHOTO
LOCATION
Located on the east side of Manhattan Avenue between Meserole Avenue and Norman Avenue
BLOCK / LOT
2620 / 47
LOT DIMENSIONS
25’ x 100’
BUILDING DIMENSIONS
25’ x 55’
BUILDING SIZE S.F.
2,970
STORIES
3
COMMERCIAL UNITS
1
RESIDENTIAL UNITS
2
ZONING
C4-3A (R6A Equivalent)
RESIDENTIAL FAR
3.00
COMMERCIAL FAR
3.00
LOT S.F.
2,500
TOTAL BUILDABLE S.F.
7,500
MINUS EXISTING STRUCTURE
2,970
AVAILABLE AIR RIGHTS
4,530
ASSESSMENT (15/16)
$26,247
TAXES (15/16)
Greenpoint Avenue G Train Station
G 730 Manhattan Avenue
Nassau Avenue G Train Station G
$5,132
Greenpoint
PROPERTY DESCRIPTION Bedford Avenue L Train Station
The subject property is a development site in Greenpoint, Brooklyn. The entire building will be delivered vacant at closing. The Nassau Avenue G Train station at Norman Avenue 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 $80 / S.F., which equates to around $450 per buildable square foot in value.
L
Brooklyn
ASKING PRICE
$3,500,000
$466.67 / 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.
Development Site
7,500 BSF | 25’ of Frontage on Manhattan Avenue
BUILDING FEATURES
PROPERTY PHOTO
LOCATION
Located on the east side of Manhattan Avenue between Meserole Avenue and Norman Avenue
BLOCK / LOT
2620 / 47
LOT DIMENSIONS
25’ x 100’
BUILDING DIMENSIONS
25’ x 55’
BUILDING SIZE S.F.
2,970
STORIES
3
COMMERCIAL UNITS
1
RESIDENTIAL UNITS
2
ZONING
C4-3A (R6A Equivalent)
RESIDENTIAL FAR
3.00
COMMERCIAL FAR
3.00
LOT S.F.
2,500
TOTAL BUILDABLE S.F.
7,500
MINUS EXISTING STRUCTURE
2,970
AVAILABLE AIR RIGHTS
4,530
ASSESSMENT (15/16)
$26,247
TAXES (15/16)
Greenpoint Avenue G Train Station
G 730 Manhattan Avenue
Nassau Avenue G Train Station G
$5,132
Greenpoint
PROPERTY DESCRIPTION Bedford Avenue L Train Station
The subject property is a development site in Greenpoint, Brooklyn. The entire building will be delivered vacant at closing. The Nassau Avenue G Train station at Norman Avenue 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 $80 / S.F., which equates to around $450 per buildable square foot in value.
L
Brooklyn
ASKING PRICE
$3,500,000
$466.67 / 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.
