117 Osborn Street - 117 Osborn Street, Brooklyn, NY 11212-6716
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117 Osborn Street - 117 Osborn Street, Brooklyn, NY 11212-6716
0.06 Acres of Residential Land Offered at $999,000 in Brooklyn, NY 11212
Investment Highlights
- Land can be purchased seperately with church air rights
- Church is in Excellent Condition w/ Elevator
- Prime Conversion Opportunity
- Opportunity Zone and QCT
- Approved Retail with Kitchen in Basement
- Block-Through Development Potential
Executive Summary
Compass has been retained on an exclusive basis to arrange the sale of 117 Osborn Street and 130 Watkins Street, a block-through assemblage consisting of a vacant 2,500 SF lot and a magnificent church that totals nearly 10k SF over four floors. The properties can be sold together or separately with the capability to transfer the church air rights to the land purchaser for a total of about 18k BSF.
130 Watkins is in remarkable condition and would be a prime candidate for a residential conversion on with its high ceilings, windows on four sides, and existing elevator. The first floor and basement are Use Group 6 (eating and drinking establishment) and it features a legal kitchen in the basement, an outdoor deck on the second floor, and open column-free floorplates that could work for multiple uses.
The properties are contiguous to a 10-lot assemblage that could be purchased as well and for a total of 142,000 BSF, as well as a ~100,000 BSF site we have coming up on the opposite corner.
Feel free to reach out for additional information.
130 Watkins is in remarkable condition and would be a prime candidate for a residential conversion on with its high ceilings, windows on four sides, and existing elevator. The first floor and basement are Use Group 6 (eating and drinking establishment) and it features a legal kitchen in the basement, an outdoor deck on the second floor, and open column-free floorplates that could work for multiple uses.
The properties are contiguous to a 10-lot assemblage that could be purchased as well and for a total of 142,000 BSF, as well as a ~100,000 BSF site we have coming up on the opposite corner.
Feel free to reach out for additional information.
Property Facts
| Price | $999,000 | Property Type | Land |
| Sale Type | Owner User | Property Subtype | Residential |
| Sale Conditions | Redevelopment Project | Total Lot Size | 0.06 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Price | $999,000 |
| Sale Type | Owner User |
| Sale Conditions | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.06 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $999,000 | Lot Size | 0.06 AC |
| Price Per AC | $17,406,607.19 |
| Price | $999,000 |
| Price Per AC | $17,406,607.19 |
| Lot Size | 0.06 AC |
25'X100'
Description
25'X100' Lot with ~10k SF building that can be included at 130 Watkins.
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Walk Score®
Walker's Paradise (93)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 03524-0008 | Improvements Assessment | $0 |
| Land Assessment | $109,800 | Total Assessment | $109,800 |
PROPERTY TAXES
Parcel Number
03524-0008
Land Assessment
$109,800
Improvements Assessment
$0
Total Assessment
$109,800
zoning
| Zoning Code | R7A/C2-4 (Mixed-Use. UAP/MIH FAR=5) |
| R7A/C2-4 (Mixed-Use. UAP/MIH FAR=5) |
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117 Osborn Street - 117 Osborn Street, Brooklyn, NY 11212-6716
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