Cushman & Wakefield Retained Exclusively to Sell Commercial Building with Devlopment Potential in Greenpoint
Cushman & Wakefield has been retained on an exclusive basis to sell a commercial building at 12 Franklin Street, located on the corner of Franklin Street and Meserole Avenue in Brooklyn’s Greenpoint neighborhood. The asking price is $19,500,000.
The property currently consists of a single-story commercial building containing approximately 30,500 square feet on a 180’ x 122’ irregular lot. Currently occupied by five noteworthy commercial tenants with a few years remaining on their leases, it holds approximately 55,550 buildable square feet or up to approximately 133,320 buildable square feet with Community Facility.
The property is ideally located across from the East River and Bushwick Inlet Park. This manufacturing zoned pocket of Greenpoint and Williamsburg is currently experiencing an influx of office, hotel, and retail developments.
“Situated across the street from the slated Bushwick Inlet Park, the retail potential is strong and with unobstructed views of Manhattan, a new tower would be the preeminent location for an office, hotel or school,” said Cushman & Wakefield’s Brendan Maddigan, who is exclusively marketing this property.