273 Russell Street
Prime Greenpoint Industrial/Flex Building with Development Upside and Excellent Transit Access
Investment highlights
Prime Greenpoint Location: Situated in the heart of Greenpoint, Brooklyn, offering excellent access to major transit corridors and proximity to Manhattan.
Flexible Zoning: M1-1 zoning allows for a variety of industrial, commercial, and creative uses, supporting adaptive reuse or redevelopment.
Significant Building Size: Features a gross square footage of 9,033 SF across one and two stories, with high ceilings (16-18’).
Development Potential: As-of-right commercial FAR of 1.00 and community facility FAR of 2.40, with up to 14,400 buildable SF for community facility use.
Strong Demographics: Within a 1-mile radius, estimated 2025 population of 61,667 and average household income of $140,969.
Robust Consumer Spend: Over $959M in total consumer spend within 1 mile and $42B within 5 miles.
Excellent Connectivity: Direct access to the Brooklyn-Queens Expressway, Pulaski Bridge, and public transit including the G train and ferry.
Established Industrial Hub: Greenpoint remains a key industrial and logistics center with ongoing infrastructure investment and redevelopment.
Tax Efficiency: 2025/2026 real estate taxes estimated at $38,976, or $4.31/SF.
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