CORNER MIXED-USE CONVERSION William Ulmer Brewery Site - 81 Beaver Street 289 Feet of Corner Frontage
North Bushwick, Brooklyn, NY The subject property is the former William Ulmer Brewery, built in 1876. The property is located on the southwest corner of Beaver Street and Belvidere Street in prime North Bushwick, just 4 blocks from the J,M,Z train line both at Flushing Avenue and at Myrtle Avenue, and 9 blocks from the L train at Morgan Avenue. The property is L-shaped, with over 152 feet of frontage on Beaver Street and over 136 feet on Belvidere Street, providing considerable light and air. The building totals approximately 56,649 gross square feet, including a below grade three-story cellar and 4 stories of above grade space. The property was approved for a partial residential variance in 2002, allowing for conversion of approx. 20,885 square feet for residential use across a portion of the second floor and the entirety of the third and fourth floors. The remaining 35,764 square feet will remain for commercial use, including hotel, creative office space, and retail conversion opportunities. Purchaser may also opt to reapply for new residential variance for above grade portion, presenting potential for 39,126 SF of space across over 45 units. The building was awarded landmark status in 2010 by the Landmarks Preservation Commission. Property Information Location:
Asking Price: $14,500,000 Michael Amirkhanian Director of Sales 718.606.7073
[email protected] Located on the southwest corner of Beaver Street and Belvedere Street 3135 / 27 152' x 137' (Irregular) 10,652 (Approx.) M1-1 (Resid. Variance 2002) 152' x 137' (Irregular) 4 17,523 (Approx.) 39,126 (Approx.) 56,649 (Approx.) $608,400 $79,974
Block / Lot: Lot Dimensions: Lot Square Footage: Zoning: Buiding Dimensions: Stories: Below Grade SF: Above Grade SF: Total Gross SF: Assessment ('14/'15): Taxes ('14/'15): As-Is Commercial SF: 56,649 Residential Variance* Commercial SF: 35,764 Residential SF: 20,885 * Approved September 2002
DJ Johnston Senior Associate 718.307.6515
[email protected] (Approx.)
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J M
81 Beaver Street
J M Z
(Approx.) (Approx.)
Robert Moore Senior Associate 718.606.7046
[email protected] William Cheng Senior Associate 718.606.7037
[email protected] CORNER MIXED-USE CONVERSION William Ulmer Brewery Site - 81 Beaver Street 289 Feet of Corner Frontage
North Bushwick, Brooklyn, NY
L
81 Beaver Street
J M Z
Michael Amirkhanian Director of Sales 718.606.7073
[email protected] DJ Johnston Senior Associate 718.307.6515
[email protected] Robert Moore Senior Associate 718.606.7046
[email protected] William Cheng Senior Associate 718.606.7037
[email protected]