11 Franklin Street - Development Site
North Brooklyn Waterfront Development Site
Marketing description
SERHANT. Commercial, as exclusive agents, are proud to present 11 Franklin Street. One of the last remaining full-block-through waterfront development sites in North Brooklyn. Situated in the heart of Greenpoint, the property offers strong in-place functionality, over 100,000+ buildable square feet, and exceptional long-term redevelopment potential in one of Brooklyn's most sought-after neighborhoods.
The existing property consists of a one-story, 15,480 square foot warehouse and event facility with a Certificate of Occupancy for Public Assembly. The building features 20'–30' ceiling heights, full HVAC, ADA compliance, and a flexible layout currently utilized for warehouse, event, and recreational uses.
Positioned on a 25,000 square foot lot within an R6/C2-4 zoning district, the site supports up to approximately 115,200 buildable square feet under a maximized program — with significant flexibility across residential, inclusionary, community facility, and commercial configurations. A full zoning breakdown is provided on the following page.
With income potential during planning and substantial upside through redevelopment, 11 Franklin Street offers investors and developers a unique opportunity to participate in one of Brooklyn's most dynamic growth corridors.
Investment highlights
- Rare waterfront development opportunity in prime Greenpoint
- Full-block-through site with exceptional scale and frontage
- Approx. 115,200 buildable SF under a maximized zoning scenario
- Flexible zoning supports multiple high-value use cases
- Existing income-producing asset with immediate functional utility
- Public Assembly C of O enhances interim-use optionality
- Strong covered land basis with substantial long-term upside
- Positioned in one of Brooklyn’s most dynamic growth corridors
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