230 Franklin Street (2024)_Property for Sale
230 Franklin Street (2024)_Property for Sale
230 Franklin St, Brooklyn, NY, 11222-1495, US

230 Franklin Street (2024)

Asset Description

230 Franklin Street is a ~110,000 SF block-front loft building with ~225,000 BSF of development potential on one of the most desired corners in all of Greenpoint. With 200’ of Franklin Street frontage, the Property has a variety of pathways to unlock its true potential and upside. The majority of the Property’s registered lofts are on the second floor and do not disrupt the bulk of the lots contiguous space, allowing a developer real optionality to transform the Franklin Street frontage into high street retail or build rentals via 485X with ground floor retail. Using the new abatement, a developer has the opportunity to build this rental product with ground floor retail on a ~18,000 SF lot that totals 144' of Franklin Street frontage.

Located on the east side of Franklin Street in between Freeman Street and Green Street, 230 Franklin Street is just three blocks from the G Train entrance on Manhattan Avenue and is in close proximity to the Greenpoint Ferry, offering a tenant easy and seamless access to Midtown Manhattan via the subway. 

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Attributes

Building area gross
109,864 sf
Zoning
M1-2 / R6a
Land area gross
62,714 sf

Media

Investment Highlights

  • Development Potential Due a Significant Contiguous Portion of the Building that is Unencumbered
  • Ideal Block-Front Greenpoint Location
  • Retail Value-Add Potential
  • 225,770 BSF Development Site (With IH Bonus)

Contact brokers

230 Franklin Street (2024) (0 Properties)

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Last updated
21 Jun 2024