Williamsburg Development Site For Sale Development site located at 691-697 Broadway & 16-18 Cook Street in the Williamsburg section of Brooklyn. This development site is located within the Broadway Shopping District at 691 - 697 Broadway & 16 - 18 Cook Street. The site currently consists of two single-story retail buildings and one mixed-use (on Broadway); one garage and vacant lot (on Cook Street), all of which can be potentially delivered vacant. The property is zoned C4-3. Retail locations on Broadway have a rich history of leasing between $35 - $50 PSF. The site is ideal for redevelopment as either mixed use or pure multi-family residential.
Area Property Description:
Cross Street Btw. Manhattan Ave & Debevoise St Block - Lot 3119 - 3,4,5,19 Lot Size 10,383 SF Frontage 75’ on Broadway, 50’ on Cook Street Existing SF 8,660 SF Max Buildable 35,302 SF (Additional Air Rights Available) Max FAR 3.4 Zoning C4-3 Tax Class 4 Taxes $51,807
FEATURES 35,302 SF Max Buildable OTHER DEVELOPMENTS IN THE IMMEDIATE AREA 404 Grand Street 630 Lorimer Street 535 Lorimer Street 196 Powers Street 245 Manhattan Avenue 579 Flushing Avenue DEMOGRAPHICS (1 Mile) Population: 190,713 Median Age: 32 Total Households: 65,357 Average Household: 2.88 Average Household Income: $65,863 Median Household Income: $43,674 Median Home Sale Price: $586,105 Additional demographics can be supplied upon request