143 Roebling Street, Brooklyn, NY, 11211, US

143 Roebling Street

Attributes

Zoning Floor Area (Redevelopment)

98,608 ZFA

Land area gross

25,284 sf

FAR (UAP)

3.90

Above Grade Existing GSF

111,951 SF

Description

Jones Lang LaSalle (“JLL”) has been exclusively retained to represent 143 Roebling Street (the “Site” or “Property”), a 25,284-square-foot development site comprised of an assemblage of five properties: 19 Hope Street, 314 Metropolitan Avenue, 144 Roebling Street, 1 Hope Street, and 5 Hope Street. The Property presents two distinct paths for development: a conversion of the existing structure, yielding a potential 111,951 ZFA, or a ground-up construction project with a potential of 98,608 ZFA. The Site includes five interim multiple dwelling (IMD) units, all located within 19 Hope Street and occupying a combined 8,133 square feet. Home of the former Roebling Tea Room, 143 Roebling Street sits at the corner of Metropolitan Avenue and Roebling Street and occupies more than 265 feet of wrap-around frontage in the very heart of Williamsburg—one of New York City’s most vibrant and sought-after neighborhoods.

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Investment Highlights

Blockfront Development Opportunity

143 Roebling Street comprises a rare assemblage of five properties creating a 25,284 square-foot blockfront development site with over 265 feet of valuable, wrap-around frontage at the corner of Metropolitan Avenue and Roebling Street, two of Williamsburg’s primary commercial and residential corridors. The significant footprint provides a developer with unique flexibility to pursue large-scale conversions or ground-up new construction projects.

The Epicenter of Williamsburg Culture & Entertainment

Perfectly positioned in the heart of Williamsburg, the Site boasts a Walker’s Paradise” score of 100, surrounded by the neighborhood’s renowned cultural and entertainment venues. It is situated amid a dynamic landscape of acclaimed restaurants, trendy boutiques, and major retail brands, including Apple, Whole Foods and Equinox. The Property offers exceptional transit access, just steps from the L and G trains at Metropolitan Avenue and a short walk to the J, M and Z trains at Marcy Avenue, ensuring connectivity to Manhattan and the rest of New York City.

Trophy Retail Flagship Opportunity

With over 265 feet of corner frontage, the Property offers an unparalleled branding opportunity for a trophy retail flagship in Brooklyn’s highest-priced retail submarket. The location captures immense foot traffic from a dense, affluent and trend-conscious consumer base of young professionals and creatives. Williamburg’s prime retail corridors, like Bedford Avenue and North 6th Street, have seen some of the highest year-over-year rent growth in Brooklyn with rents reaching up to $400 per square foot, reflecting the intense demand from a mix of international brands, popular restaurants and retailers need to establish storefronts in Williamsburg.