333 Moffat Street,  Brooklyn NY, 11237

(Active)
$24,000,000
|
24,000 sqft
|
MLS# 6021223
1of
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Last Updated: 4/6/2020 11:42 PM
Description for 333 Moffat Street Brooklyn, NY 11237
Compass has been retained on an exclusive basis to facilitate the sale or joint venture of 333-349 Moffat Street -- a staggering 24,000 SF building on a 28,000 SF corner lot. The owner/developer is in the process improving the existing structure to a column-free 240'X100' "white box" with 35' ceilings, perfect for a music/entertainment venue. Plans can be provided upon request. As is, the building is in M1-1 zoning, allowing for any commercial use -- retail, office, storage, warehouse, etc. -- in an area with asking rents ranging up to $40/SF. The 28,000 SF lot has a current FAR of 1 for commercial use or 2.4 for community facility use. With the city's Bushwick Rezoning Plan, the commercial FAR would go up to 3, allowing 84,000 BSF as of right (see attached architect's analysis). The developer is open to a built-to-suit sale, as well as a joint venture with an equity partner or co-owner/operator. Please reach out for additional information.
Price
$24,000,000
Kings (Brooklyn)
24,000 (approx)
6021223
Active
Description
Compass has been retained on an exclusive basis to facilitate the sale or joint venture of 333-349 Moffat Street -- a staggering 24,000 SF building on a 28,000 SF corner lot. The owner/developer is in the process improving the existing structure to a column-free 240'X100' "white box" with 35' ceilings, perfect for a music/entertainment venue. Plans can be provided upon request. As is, the building is in M1-1 zoning, allowing for any commercial use -- retail, office, storage, warehouse, etc. -- in an area with asking rents ranging up to $40/SF. The 28,000 SF lot has a current FAR of 1 for commercial use or 2.4 for community facility use. With the city's Bushwick Rezoning Plan, the commercial FAR would go up to 3, allowing 84,000 BSF as of right (see attached architect's analysis). The developer is open to a built-to-suit sale, as well as a joint venture with an equity partner or co-owner/operator. Please reach out for additional information.
Listing Information
Property Type: General Commercial, Other
24,000 (approx) 41,649,716 Sq. Ft.
Neighborhood
Room Information
Exterior / Lot Features
None
Financial Considerations
$54,000
Listing Price History

Brooklyn Real Estate

Brooklyn is located in New York. Brooklyn, New York 11237 has a population of 2,668,108.

The median household income in Brooklyn, New York 11237 is $43,117. The median household income for the surrounding county is $47,804 compared to the national median of $50,013. The median age of people living in Brooklyn 11237 is 37 years.

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Courtesy: Compass
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This content last refreshed on 4/6/2020 11:42 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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