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

Massey Knakal Sells Huron Street Pier Development Site

08/05/2014

The Huron Street Pier, located on the East River at Huron Street in Brooklyn’s Greenpoint Waterfront, was sold in an all-cash transaction valued at$2,000,000.

The property is the site of a former pier and an underwater parcel.  Preliminary review indicates a pier may be rebuilt to its size in 1988, which was approximately 12,500 gross square feet, for a water dependent use. Rebuilding to the former size is a possibility, though will likely need additional approvals. The lot is 160’ x 523’.  

This property presents a unique opportunity for waterfront development.  It is adjacent to the East River Ferry providing transportation into Manhattan and just two blocks from the India Street entrance to the Greenpoint Avenue G train station.

“This rarely available, privately owned pier site presented our team with an exciting challenge and unique opportunity to play a role in the changing Greenpoint waterfront,” said Massey Knakal’s Michael Amirkhanian, who exclusively handled this transaction with Mark Lively and Brendan Maddigan.

Massey Knakal specializes in the sale of investment and user properties in the New York Metropolitan area. Since 1988, our agents have closed over 4,700 transactions having a market value in excess of $19 billion.

www.masseyknakal.com
 

08/05/2014 - 08:31

Source

Cushman & Wakefield Capital Markets Group New York

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