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130 Watkins St

10,000 SF Specialty Building Offered For Sale in Brooklyn, NY 11212

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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.
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.

117 Osborn-130 Watkins OM

Taxes & Operating Expenses (Actual - 2024) Click Here to Access	Annual	Annual Per SF
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$99,999	$9.99

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$99,999
Annual Per SF	$9.99

Property Facts

Sale Type	Owner User	No. Stories	3
Property Type	Specialty	Year Built	1930
Property Subtype	Religious Facility	Tenancy	Single
Building Class	C	Parking Ratio	0.7/1,000 SF
Lot Size	1.15 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Size	10,000 SF

Sale Type	Owner User
Property Type	Specialty
Property Subtype	Religious Facility
Building Class	C
Lot Size	1.15 AC
Building Size	10,000 SF
No. Stories	3
Year Built	1930
Tenancy	Single
Parking Ratio	0.7/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.