Press Release brought to you by Cushman & Wakefield Capital Markets Group New York

Cushman & Wakefield Retained Exclusively to Sell Boutique Development Site in Williamsburg

03/18/2015

Cushman & Wakefield has been retained on an exclusive basis to sell a development site at 25 Hope Street.  The property is located between Roebling and Havemeyer Streets in Brooklyn’s Williamsburg neighborhood.  The asking price is $3,250,000.

The approximately 25’ x 91.5’ lot has plans approved by the DOB for the development of a six-story (includes two mezzanine levels), eight-unit residential building with lower level space.  The plans call for 6,624 square feet plus 2,208 buildable square feet in the lower level. Eight 421-a Tax Exemption certificates are included.  This site is shovel ready, saving a buyer months of pre-construction and costs.

The site is located in close proximity to the Lorimer Street L train station.  Nearby retailers include 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.  This offering represents a prime boutique development opportunity, located in one of Brooklyn’s trendiest neighborhoods.

“This is the perfect opportunity to build a quality project in the heart of Williamsburg and take advantage of one of the best rental and condo markets we’ve ever seen,” said Brendan Maddigan of Cushman & Wakefield, who is exclusively marketing this property along with James Nelson.  

 

03/18/2015 - 21:00

Source

Cushman & Wakefield Capital Markets Group New York

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