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Attributes
Year Built | 2000 |
Asset Description
JLL has been exclusively retained to arrange for the sale of 644 & 730 Manhattan Avenue, two commercial buildings with substantial redevelopment potential on Greenpoints primary and busiest retail corridor - Manhattan Avenue.
Investment Highlights
BLOCK & LOT
644 Manhattan Avenue, Brooklyn, NY 11222 - Block: 2647, Lot: 39
730 Manhattan Avenue, Brooklyn, NY 11222 - Block: 2620, Lot: 47
REDEVELOPMENT POTENTIAL
Both assets are situated on 2,500 SF lots with flexible mixed-use zoning designation, allowing for up to 7,500 BSF on each lot - a combined 15,000 BSF development potential with a variety of possibilities.
CURRENT IMPROVEMENTS
644 Manhattan Avenue is currently improved by a 3,749 SF two-story commercial building. 730 Manhattan Avenue is a three-story 4,050 SF building.
UNPARALLELED LOCATION
The assets are located on Manhattan Avenue - Greenpoints primary and busiest retail corridor. Close proximity to Northside Williamsburg, 35-acre McCarren Park and Greenpoint waterfront further strengthens the attractiveness of the assets. The properties benefit from access to Nassau Avenue G train station, providing convenient accessibility to Long Island City, Williamsburg and Downtown Brooklyn.