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29993673
29993674

273 Russell St, Brooklyn, NY 11222

DJ
NY 10401229409
Matthews
BL
NY 10401300331
Matthews
BK
NY 10401274694
Matthews
Listed by Matthews
$3,950,000
101 days on market
Updated 5 days ago

273 Russell Street

Details
Property Type Industrial
Sub Type Warehouse
Square Footage 9,033
Price per SqFt $437
Lot Size (SqFt) 9,033
Zoning M1-1

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.

Listing Contacts

DJ
NY 10401229409
Matthews
BL
NY 10401300331
Matthews
BK
NY 10401274694
Matthews
Listed by Matthews

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Additional Information

Name
Cory Rosenthal
License
10991237833, 10311210106
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
575 5th Ave., Ste 2810 New York, NY 10017
Name
DJ Johnston
License
10401229409
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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