The Broadway Assemblage
2750 Broadway, New York, NY, 10025, US
1 677 mètres carrés
Description de l'actif
Jones Lang LaSalle (“JLL”) has been exclusively engaged to facilitate the sale of 96 N 10th Street (the “Property”) in Williamsburg, Brooklyn. The 2-story Commercial Property is positioned on the south side of N 10th Street, between Wythe Avenue and Berry Street. The 43,458 square-foot structure has fully approved plans for a complete commercial renovation, and will be eligible for a new ICAP Tax Abatement. With significant structural work already completed, potential investors can anticipate 12-15 months to finish the renovation, offering immediate upside. Additionally, the split zoning enables a buyer to develop up to 14,013 BSF of residential space as-of-right, or 18,684 BSF of residential space if utilizing the Inclusionary Housing Bonus. Situated in the heart of North Williamsburg, Brooklyn’s prime live-work-play neighborhood, 96 N 10th Street offers investors a clear, quick path to upside and optionality.
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Attributs
Superficie du bâtiment brute
4 037 mètres carrés
Superficie du terrain brute
1 876 mètres carrés
Zonage
M1-2 / R6A (Split Zoning)
Média
Points forts de l'investissement
- Clear/Quick Path to Upside
- Fully approved plans in place - An Investor can anticipate a new ICAP Tax Abatement, and a 12–15-month period to finish the renovation as the current owner has already completed significant structural work.
- Thriving Commercial Market
- As one of the most heavily trafficked and popular commercial markets in all of New York City, North Williamsburg has attracted national and global retailers, gyms, grocers, and Michelin Star restaurants.
- Unparalleled Location
- Situated within a two-block radius of four hotels, The William Vale, The Arlo Williamsburg, The Wythe Hotel, and The Hoxton, 96 N 10th Street is ideally positioned to generate substantial foot traffic along N 10th Street.
- Development Optionality
- The Property’s split zoning presents the unique opportunity for a buyer to develop up to 14,013 BSF of residential space as-of-right, and 18,684 BSF of residential space if utilizing the Inclusionary Housing Bonus.
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96 N 10th Street (0 Propriétés)
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Dernière mise à jour
21 juin 2024
