151 Kent Avenue_Imóvel à venda
151 Kent Avenue_Imóvel à venda
151 Kent Ave, Brooklyn, NY, 11249-3100, US

151 Kent Avenue

Descrição do ativo

Jones Lang LaSalle (“JLL”) has been exclusively engaged to facilitate the sale of 151 Kent Avenue (the “Property”) in Williamsburg, Brooklyn. The 3-story IMD Property is situated block-through on Kent Avenue between North 5th and North 4th Street. As currently constructed, the 56,550 square-foot structure contains 46 units, of which 34 are vacant in addition to 12 IMD loft units. As-of-right, 151 Kent Avenue carries 11,355 square feet of additional residential air rights, with up to 33,990 of buildable square feet utilizing the Inclusionary Housing bonus. 151 Kent Avenue offers investors a wide breadth of optionality and near term upside with a clear path to legalization through Loft Board.

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Atributos

Número de unidades
46 unidades
Área de construção bruta
5.254 m²
Zoneamento
M1-2 / R6A
Área de terreno bruta
2.337 m²

Mídia

Destaques do investimento

NEIGHBORHOOD DEFINING RETAIL

Williamsburg’s transformation into one of New York City’s top shopping destinations has primed 151 Kent Avenue for a ground floor retail repositioning. A new owner will have the opportunity to capitalize on national and international retailers seeking space on the highly trafficked block where rents continue to surge.

OUTSTANDING RESIDENITAL FUNDAMENTALS

Williamsburg has established itself as Brooklyn’s preeminent neighborhood, achieving market rents once only thought attainable by Manhattan’s most coveted sub-markets. 2023 established new highs for average and median rental rates in the local submarket. These strong rental dynamics, combined with the expiration of the 421a tax abatement, position 151 Kent Avenue to capitalize on outstanding long-term fundamentals in a market with significant structural constraints on supply.

151 Kent Avenue 4_Imóvel à venda
151 Kent Avenue 4_Imóvel à venda

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151 Kent Avenue (0 Propriedades)
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Última atualização
Apr 24, 2024