204-206 Bedford Avenue_Property for Sale

204-206 Bedford Avenue, Brooklyn, NY, 11249, US

204-206 Bedford Avenue

Asset description

Jones Land LaSalle (“JLL”) is pleased to offer for sale the fee simple interest in 204-206 Bedford Avenue, an unencumbered vacant lot with commercial & mixed-use development potential in North Williamsburg, Brooklyn. 204-206 Bedford Avenue is a 3,750 SF vacant lot with 50’ of frontage on along Bedford Avenue. The Property will be delivered vacant, offering the unique opportunity to have tremendous optionality and development potential in one of the most desired areas of Northside Williamsburg. Zoned R6B / C1-4, the Property allows for a 2.0 Residential / Commercial FAR and total buildable of 7,500 BSF.

Located just a block from the Bedford Avenue L Train Station in North Williamsburg, and steps away from N 6th Street, 204-206 Bedford Avenue is in the heart of Brooklyn’s most energetic retail corridor, alongside luxury and consumer centric retailers such as Chanel, Hermes, Apple, T-Mobile, Sephora, and Malin + Goetz. Additionally, Williamsburg food staples along Bedford Avenue surround the site. These include Whole Foods, Joe’s Pizza, Doughnut Plant, Naya, and Juice Generation, all of which are on Bedford Avenue and in the immediate vicinity. 204-206 Bedford Avenue is in the epicenter of Northside Williamsburg, and is located along the most heavily foot trafficked retail corridor in the entire neighborhood. The Property is well-positioned to capitalize on the continued growth and momentum of the surrounding retail market and fundamentals of the neighborhood.

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Attributes

Land area gross

348 sm

Zoning

R6B / C1-4

Media

Investment highlights

Vibrant Retail Landscape

Williamsburg has emerged as one of the most vibrant and powerful retail destinations in all of New York City. 204-206 Bedford Avenue is directly in the center of this retail renaissance. Here, an investor will be able to capitalize on the tremendous growth that has brought some of the nations and worlds most prominent retailers to Williamsburg.

Streamlined Access Across Manhattan

The L subway line at the Bedford Avenue Station is a short distance from the Property and provides exceptional connectivity to both Manhattan and Long Island City in less than 10-minutes. By car, the Property is just blocks from both the Williamsburg Bridge and Brooklyn-Queens Expressway, which connects the area to both LaGuardia and JFK airports in 15-30 minutes.

Williamsburg Development Pipeline

Over the next five years, the Williamsburg and Greenpoint waterfront will experience a substantial increase of approximately 9,000 luxury residential units. This densification will continue to drive condo sell-out pricing for residents seeking one of the most desirable live-work-play neighborhoods in New York City as well as create more demand for luxury retail tenants.