Listed by Marcus & Millichap - Manhattan
$5,100,000
51 Havemeyer Street
Details
Property Type Retail
Sub Type Storefront, Apartments with commercial units
Square Footage 3,500
Units 3
Price per SqFt $1,457
Year Built 1910
Buildings 1
Stories 2
Zoning M1-2/R6A
Retail | 3,500 SqFt
Marketing description
- Prime Williamsburg Boutique Condo Development Site
- Asking Price: $5,100,000 | $523 PBSF | Condo’s in Immediate Area selling for north of $1,800 PSF
- Vacant Brick Mixed Use Built 25’ x 95’ on Ground Floor with Full Usable Basement | 25' x 45' on Upper 2 Floors | Approx 3,500 SF Above Grade | Situated on a 25’ x 100’ Lot
- Fully leasable “Covered Land Play” Vacant Building with HVAC already separated and pass through to each unit. Projection of $250,000 of NOI in as-is shape.
- 7,500 BSF as of right (3.0 FAR, R6A/MX-8) with additional 2,250 Market Rate BSF Certificates Secured by Developer for Use “on site” or within “same community board district” for a total of 9,750 BSF
- Perfect Live Plus Income Opportunity or Townhouse Redevelopment with Art Gallery on Ground Floor & Retain Air Rights (both excess as of right and the 2,250 BSF additional market rates certs purchase and secured by seller)
- Ideal for developer in a 1031 exchange that needs to “park” rollover gains in a future development site.
Listing Contacts
Listed by Marcus & Millichap - Manhattan
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