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Mixed-Use

124 Nassau Ave

124 Nassau Ave, Brooklyn, NY 11222

Listing Price: $3,600,000

Lot Size
0.06 acres
Price/Acre
$62,826,923
Land Type
Redevelopment
Buildable Square Feet
10,000

Investment Overview

Marcus & Millichap has been retained on an exclusive basis to arrange for the sale of 124 Nassau Avenue, a mixed-use development site between McGuinness Blvd and Eckford Street in the Greenpoint section of Brooklyn, New York. The subject site is a 25 ft x 100 ft, R7A, C2-4 zoned lot (Block: 02682 Lot: 0005). With the current zoning, the development site has an FAR of 4.0 and allows for a total of 10,000 buildable square feet as-of-right.

The site has an existing two-story frame residential building built to approximately 2,000 square feet. The building is owner occupied and will be delivered vacant at the time of sale.

124 Nassau Ave is superbly located just two blocks from the Nassau Avenue "G" subway station. Investors have the opportunity to purchase this prime mixed-use development site in the thriving neighborhood of Greenpoint, where there is high demand for newly constructed residential units. Greenpoint was recently ranked #1 in StreetEasy's annual Neighborhoods to Watch List for 2021. Greenpoint offers multiple convenient commuting options into Manhattan, including subway, bus, car and ferry. In addition, the neighborhood is home to an eclectic and sumptuous variety of popular restaurants, two large parks, a vibrant nightlife, and bustling development along the waterfront, that is creating both commercial and green space for residents of the neighborhood to utilize. Its no wonder that the area has become a highly sought-after destination for affluent, young singles, couples, and families. The purchaser of this asset will capitalize on one of Brooklyn's most desirable live, work, play destinations, close proximity to public transportation, as well as the highly trafficked Nassau Avenue retail corridor.

Investment Highlights

  • 10,000 Buildable Square Feet
  • Flexible Development Options (R7A, C2-4 Zoning)
  • Two Blocks from Nassau Avenue "G" Train
  • Ideally Located in The Thriving Greenpoint Neighborhood of Brooklyn, New York
  • Local Condo Prices Regularly Sell for more Than $1,500 PSF

Exclusively Listed By

Listing Price: $3,600,000

Lot Size
0.06 acres
Price/Acre
$62,826,923
Land Type
Redevelopment
Buildable Square Feet
10,000

Investment Highlights

  • 10,000 Buildable Square Feet
  • Flexible Development Options (R7A, C2-4 Zoning)
  • Two Blocks from Nassau Avenue "G" Train
  • Ideally Located in The Thriving Greenpoint Neighborhood of Brooklyn, New York
  • Local Condo Prices Regularly Sell for more Than $1,500 PSF

Investment Overview

Marcus & Millichap has been retained on an exclusive basis to arrange for the sale of 124 Nassau Avenue, a mixed-use development site between McGuinness Blvd and Eckford Street in the Greenpoint section of Brooklyn, New York. The subject site is a 25 ft x 100 ft, R7A, C2-4 zoned lot (Block: 02682 Lot: 0005). With the current zoning, the development site has an FAR of 4.0 and allows for a total of 10,000 buildable square feet as-of-right.

The site has an existing two-story frame residential building built to approximately 2,000 square feet. The building is owner occupied and will be delivered vacant at the time of sale.

124 Nassau Ave is superbly located just two blocks from the Nassau Avenue "G" subway station. Investors have the opportunity to purchase this prime mixed-use development site in the thriving neighborhood of Greenpoint, where there is high demand for newly constructed residential units. Greenpoint was recently ranked #1 in StreetEasy's annual Neighborhoods to Watch List for 2021. Greenpoint offers multiple convenient commuting options into Manhattan, including subway, bus, car and ferry. In addition, the neighborhood is home to an eclectic and sumptuous variety of popular restaurants, two large parks, a vibrant nightlife, and bustling development along the waterfront, that is creating both commercial and green space for residents of the neighborhood to utilize. Its no wonder that the area has become a highly sought-after destination for affluent, young singles, couples, and families. The purchaser of this asset will capitalize on one of Brooklyn's most desirable live, work, play destinations, close proximity to public transportation, as well as the highly trafficked Nassau Avenue retail corridor.

Exclusively Listed By

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