$25,000,000
Updated 7 years ago
Off Market

335 Moffat Street

Bushwick, Brooklyn | Knickerbocker Ave & Irving Ave

1 Bath24,000 Square FeetDevelopment Site

$25,000,000
floors1
Lot Size280'x100'
ZoneM1-1
Building TypeLow-Rise
RE Taxes$42,528
Price Per SF
$1,042

Property Description for 335 Moffat Street

Compass has been retained on an exclusive basis to arrange the sale of 335-349 Moffat Street, a 24,000 SF warehouse on a 28,000 SF lot on the Bushwick/Ridgewood border. With the Bushwick re-zoning, the property will have 84,000 BSF as of right in a quickly appreciating area. Previously used as an ice house, 335 Moffat is a brick warehouse with 23-30 FT ceilings and floor-to-ceiling loading doors. The developer completed preliminary work for development/renovation e.g. structural beams and a stabilized roof. As shown by the attached architect's zoning analysis, the best possible use for the property would be to utilize the additional FAR in order to create a 130,000+ GFA building. It is not in an Industrial Business Zone, allowing many different uses including storage, office, industrial, cold storage, retail, and event space. There is additional FAR available using the FRESH bonus or with neighboring air rights. The Phase I and Phase II have been completed and the site is ready for development. Please reach out for further information. All real offers considered. Co-brokers welcome at a 3% split. *Note: Neighboring lots' air rights (54k as of right with lots and air rights; 36k just air rights) can be combined with the deal for a total buildable of 138k SF as of right.

Listing History for 335 Moffat Street

Now
01/25/2020
TOM by Nathan Horne
Compass
2020

Building Details for 335 Moffat Street

OwnershipDevelopment Site
Building TypeLow-Rise
AgePre-War
AccessWalk-up
Year Built1935
Floors1
Learn More About the Building

Transit and Citi Bike

Subway

Wilson Av
0.23 miles
Halsey St
0.28 miles

Citi Bike

Knickerbocker Ave & Moffat St
0.12 miles
Wyckoff Ave & Cooper Ave
0.14 miles

Contact Agent

Contact Agent

Bushwick | Brooklyn

Quick Profile

As one of the most diverse neighborhoods in New York, Bushwick offers a perfect snapshot of just how multicultural the city is. Long-established as an amalgam of cultures and ethnicities, a wave of varying types of immigrants trickled in from the seventeenth to twentieth centuries, with Bushwick largely becoming a home to Hispanics of Puerto Rican and Dominican backgrounds by the latter part of the twentieth century. 

With the Bushwick Initiative of the mid-00s that aided in revitalization, it became an attractive area to young professionals and artists. And even now, Bushwick has sustained affordable rent prices where other North Brooklyn counterparts, like Williamsburg and Greenpoint, have become more expensive. Priding itself on the weird and the wacky, numerous art collectives thrive in this part of Brooklyn, once famously named the seventh coolest neighborhood in the world by Vogue. 

Though it has drawn in many tourists in recent years (there’s even a graffiti tour you can take from the Bushwick Collective), the neighborhood remains very much community-oriented, and has not been subject to quite the same sort of corporate infiltration phenomenon of its nearby Williamsburg environs. 

But yes, of course, Bushwick has come a very long way from its 80s and 90s reputation as being “The Well,” a nickname given to it for its free-flowing and widely available amount of drugs (quantity over quality being the cliche applied here). 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 76523TH