$13,950,000
Updated 11 years ago
Off Market

81 Beaver Street

Bushwick, Brooklyn | Belvedere Street & Locust Street

39,126 Square FeetDevelopment Site

$13,950,000
floors4
Lot Size152'x137'
ZoneM1-2
Building TypeLow-Rise
RE Taxes$79,974
Price Per SF
$357

Building Amenities

  • Voice Intercom
  • Elevator

Property Description for 81 Beaver Street

The subject property is located on the southwest corner of Beaver Street and Belvidere Street inBushwick, Brooklyn, just 4 blocks from the J,M,Z train line both at Flushing Avenue and at Myrtle Avenue. The property is L-shaped, with over 152 feet of frontage on Beaver Street and over 136 feet on Belvidere Street, providing considerable light and air. The building totals approximately 56,649 gross square feet including a below grade three-story cellar and 3-4 stories of above grade space. The property benefits from a partial residential variance-approved in 2002, allowing for up to 20,885 square feet for residential development/conversion, across a portion of the second floor and the entirety of the third and fourth floors. The remaining 35,764 square feet will remain for commercial use, including hotel, creative office space, and retail conversion opportunities. Purchaser may also opt to reapply for new residential variance for above grade portion, presenting potential for 39,126 SF of space across over 45 units. The building was awarded landmark status in 2010 by the Landmarks Preservation Commission. FOR FULL BROCHURE, PLEASE SIGN AND RETURN CONFIDENTIALITY AGREEMENT VIA EMAIL OR FAX (718) 238-6091

Listing History for 81 Beaver Street

Now
11/19/2015
POM by Michael Amirkhanian
Cushman & Wakefield
04/27/2015
$13,950,000 [-$550,000] [3.8%]
Price Drop by Michael Amirkhanian
Cushman & Wakefield

Building Details for 81 Beaver Street

OwnershipDevelopment Site
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessElevator
Year Built1876
Floors4
Learn More About the Building

Transit and Citi Bike

Subway

Myrtle Av
0.16 miles
Flushing Av
0.26 miles
Central Av
0.48 miles
Morgan Av
0.49 miles

Citi Bike

Bushwick Ave & Forrest St
0.09 miles
Arion Pl & Broadway
0.11 miles

Contact Agents

Contact Agents

Michael Amirkhanian
Cushman & Wakefield
Robert Moore
Cushman & Wakefield

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: 58578TH