$4,500,000
Updated 11 years ago
Off Market
175 Kent Street
Greenpoint, Brooklyn | McGuinness Blvd & Manhattan Ave
13,815 Square FeetDevelopment Site
$4,500,000
Lot Size115'x105'
ZoneR6B
Building TypeDevelopment Site
RE Taxes$43,765
Price Per SF
$326
Building Amenities
- Elevator
Property Description for 175 Kent Street
This development site is located on one of the most desirable streets in Brooklyn and is a perfect conversion project for condominiums or rental units. Similar projects have proved to be very successful throughout Brooklyn and Manhattan recently. Based upon initial findings there are just under 36,000 square feet of livable space available (including the main floor plate, lower level and attic expansion for duplex apartments). Also being located in the Historic District of Greenpoint, this property may be eligible for Federal and State income tax credits totaling 40% of the rehabilitation cost. Landmarks has approved certain modifications. Buyer should independently verify all zoning and tax information. The property will be delivered vacant
Listing History for 175 Kent Street
Now
07/31/2012
POM by Mark Lively
Cushman & Wakefield
05/30/2012
$4,500,000 [-$250,000] [5.3%]
Price Drop by Mark Lively
Cushman & Wakefield
Building Details for 175 Kent Street
OwnershipDevelopment Site
Building TypeDevelopment Site
Transit and Citi Bike
Subway
Greenpoint Av
0.05 miles
Nassau Av
0.46 miles
Citi Bike
Greenpoint Ave & Manhattan Ave
0.06 miles
Kent St & McGuinness Blvd
0.1 miles
Greenpoint | Brooklyn
Quick Profile
Go north, not west. Greenpoint’s placement at the furthermost tip of Brooklyn makes it peak “North Brooklyn” territory. Bordered by the East River, its geographical location has long made Greenpoint integral to maritime activity, present day ferry service to Manhattan included. With Williamsburg to the south and Long Island City to the north, Greenpoint’s “hip factor” often experiences crossover traffic from these areas.
Particularly bustling on the weekend, the edge of McCarren Park at Bedford Avenue and Lorimer Street filters out into prime Greenpoint, where brunch has become a hallowed tradition for newer and longtime residents alike. Bars and restaurants such as Spritzenhaus and Five Leaves also provide close proximity to a post-dining jaunt in the park.
As the neighborhood continues to grow and develop, the old world feel of a tradition of Polish immigrants has commingled with the arrival of enterprising millennials that have become a part of the go-getting spirit of the neighborhood. Filled with small coffee shops, vintage boutiques and award-winning restaurants (as well as tailored bars like TØRST offering up specialty beers on tap), Greenpoint truly is the jewel of North Brooklyn.
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: 42566TH
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