Business for Sale in Brooklyn, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Brooklyn, NY 11206

Description

Marcus & Millichap is pleased to offer The 69 Assemblage, two contiguous irregular lot developmental sites located at 69 Graham Avenue and 69 Moore Street. Positioned within one of Brooklyn’s fastest-evolving neighborhoods, the site sits at the crossroads of longstanding industrial heritage and rapid residential, retail, and creative-office growth. This section of Williamsburg is experiencing major reinvestment and redevelopment, making it a prime location for ground-up development today. Recent development sales in this pocket of Williamsburg have traded around $400 per buildable square foot. By comparison, the 69 Assemblage is being offered at approximately $303 per buildable square foot well below recent market levels. This nearly $100 per buildable SF gap creates a compelling value opportunity, giving developers a materially lower land basis and greater flexibility on exit pricing. Investment Highlights: • The 69 Assemblage is a prime development site on two contiguous lots, 17,500 SF Buildable As of Right, situated on a 25' X 100' dual lot. • Lot Zoned: R6- C1-3 | FAR: 3.00 | Tax Class: 4 | 69 Moore Street offers 42 Feet of Frontage • Located in the heart of Williamsburg and with close proximity to the M, J, and L train, bus routes, Citi Bike delivers seamless connectivity to Manhattan and the rest of Brooklyn.

Market Context

This mixed use in Brooklyn, NY is listed for sale. It has been on the market for 68 days. Compare it against other mixed use listings for sale in Brooklyn, NY — <a href="/search/sale/mixed-use/new-york/brooklyn">view the full market</a>.

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