$15,000,000
Updated 6 years ago
Off Market

333 Moffat Street

Bushwick, Brooklyn | Knickerbocker Ave & Irving Ave

1 Bath24,000 Square FeetDevelopment Site

$15,000,000
floors1
Lot Size280'x100'
Built Size240'x100'
ZoneM1-1
Building TypeLow-Rise
RE Taxes$54,000
Price Per SF
$625

Building Amenities

  • Elevator

Property Description for 333 Moffat Street

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 History for 333 Moffat Street

Now
01/12/2021
TOM by Nathan Horne
Compass
2021

Building Details for 333 Moffat Street

OwnershipDevelopment Site
Building TypeLow-Rise
AgePre-War
Floors1
Learn More About the Building

Transit and Citi Bike

Subway

Wilson Av
0.21 miles
Halsey St
0.29 miles

Citi Bike

Knickerbocker Ave & Moffat St
0.1 miles
Wyckoff Ave & Cooper Ave
0.16 miles

Contact Agents

Contact Agents

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: 60556TH