Property description:
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
Additional Information:
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
