54 N 11th St

25,000 SF Industrial Building Brooklyn, NY 11249 $27,000,000 ($1,080/SF)

INVESTMENT HIGHLIGHTS

  • 5 minutes walk to the L-Train at Bedford Avenue | 2 Blocks from McCarren Park
  • Located right next to the Arlo Williamsburg and many other hotels

EXECUTIVE SUMMARY

Expansive Footprint: 225’ x 100’ lot on N 11th Street, positioned between Kent Avenue and Wythe Avenue, plus an additional 25’ x 100’ one-story property on N 10th Street.
Development Potential:
- 23,483 SF of existing space, delivered vacant.
- 25,000 SF lot area with 50,000 SF as-of-right buildable under M1-2 zoning.
- Potential for 120,000 buildable SF with a Community Facility bonus or via ULURP special permit.
Flexible Redevelopment Options:
- Opportunity to reposition or re-develop for commercial or hospitality use, maximizing the full buildable potential.
Premier Williamsburg Location:
- Adjacent to Arlo Williamsburg and in proximity to top-tier hotels like The Hoxton, William Vale, and Wythe Hotel.
- Steps from the new extension of Bushwick Inlet Park, which will stretch from N 9th to Quay Street in Greenpoint.
- Two blocks from McCarren Park and a 5-minute walk to the Bedford Avenue L-Train.
Strong Market Demand:
- Retail rents range from $70–$80 PSF for larger spaces.
- Positioned in a rapidly growing tourism and entertainment hub, cementing Williamsburg’s status as a premier NYC destination.

PROPERTY FACTS

Price $27,000,000
Price Per SF $1,080
Sale Type Investment
Sale Condition 1031 Exchange
Property Type Industrial
Property Subtype
Warehouse
  • General Retail Bar
Building Class C
Lot Size 0.59 AC
Rentable Building Area 25,000 SF
No. Stories 1
Year Built 1920
Tenancy Single
Clear Ceiling Height 20’
No. Drive In / Grade-Level Doors 1

AMENITIES

  • Restaurant
  • Signage
  • Waterfront
Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (89)
Bike Score®
Biker's Paradise (92)

PROPERTY TAXES

ZONING

Zoning Code M1-2 (Retail and Commercial)
  • Listing ID: 34626769

  • Date on Market: 8/27/2024

  • Last Updated:

  • Address: 54 N 11th St, Brooklyn, NY 11249