$35,000,000
Updated 11 years ago
Off Market

525 Broadway

Williamsburg, Brooklyn | Hewes Street & Penn Street

60,300 Square FeetDevelopment Site

$35,000,000
floors3
Lot Size290'x154'
ZoneC4-4
Building TypeLow-Rise
RE Taxes$313,736
Price Per SF
$580

Property Description for 525 Broadway

60,300 square foot office building with 13,000 square feet of parking. There is a separate easement coming in from the the street providing access to the development site. The facility collects approximately $1.31 million in annual income which equates to $27 per square foot. This site offers a truly rare amount of scale for mixed-use development in one of Brooklyns most desirable neighborhoods.

Listing History for 525 Broadway

Now
11/30/2015
POM by Michael Amirkhanian
Cushman & Wakefield
09/01/2015
Exclusive Expired by Michael Amirkhanian
Cushman & Wakefield

Building Details for 525 Broadway

OwnershipDevelopment Site
Building TypeLow-Rise
AgePre-War
AccessWalk-up
Year Built1931
Floors3
Learn More About the Building

Transit and Citi Bike

Subway

Broadway
0.07 miles
Lorimer St
0.15 miles
Hewes St
0.22 miles
Flushing Av
0.33 miles
Marcy Av
0.47 miles

Citi Bike

Boerum St & Broadway
0.01 miles
Lorimer St & Broadway
0.11 miles

Contact Agents

Contact Agents

Michael Amirkhanian
Cushman & Wakefield
Mark Lively
Cushman & Wakefield

Williamsburg | Brooklyn

Quick Profile

Equal parts family-friendly and millennial haven/nightlife destination, Williamsburg offers the best of all worlds. Whether by night or by day, the ‘Burg has endless options for every type of personality and interest--which has only increasingly become the case after the neighborhood was rezoned in 2005. With the floodgate opened for more varied types of businesses, Williamsburg saw one of the highest rates of development in the past decade than any other part of Brooklyn. 

Referred to as “Little Berlin” for its late night and club-oriented nature, Williamsburg works as hard as it plays. Apart from the Clubland concentrated around Wythe Avenue, there is also a slew of offices (like 25 Kent Avenue, a sprawling eight-floor, 500,000-square foot waterfront building) and co-working spaces such as WeWork, The Yard and Green Desk that make it an ideal location for the corporate-, startup- and tech-oriented set. 

With more offices setting their sights on this part of Brooklyn, it only makes sense that more people want to live close to where they work. Apart from your average walk-up apartment, W-burg has famously become home to numerous condos along the waterfront that continue to grow and expand in concert with the businesses and corporate hubs that have entered the environment. 

Even with its many and undeniable changes, however, Williamsburg remains an arts-friendly community, particularly with regard to music and literature. While DIY spaces have come and gone, certain staples have persisted to become institutions that still provide a place for up and coming musicians to perform. On the literary front, long-standing indie bookstores like Spoonbill and Sugartown and Book Thug Nation have paved the way for others to cross the river, namely McNally Jackson Books. 

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: 57892TH