$18,000,000
Updated 7 years ago
Off Market

62-66 North 3rd Street

Williamsburg, Brooklyn | Kent Ave & Wythe Ave

3,820 Square FeetDevelopment Site

$18,000,000
floors3
Lot Size73'8"x89'6"
ZoneR6A
Building TypeDevelopment Site
RE Taxes$7,141
Price Per SF
$4,712

Building Amenities

  • Elevator
  • Storage

Property Description for 62-66 North 3rd Street

A 73.83' wide development site located on the south side of North 3rd Street between Kent and Wythe Avenues. The three lots combined possess over 73' of frontage on North 3rd Street giving a mixed-use development tremendous retail appeal. Meanwhile, residential condos in the area have achieved over $1,400/SF and $2,000/SF on the waterfront. The 25 year 421-a Tax Abatement Program is available as of right. Neighboring retailers include J Crew, Whole Foods, and Brooklyn' s first Apple Store coming to the corner of North 3rd Street and Bedford Avenue. This is a premier development opportunity in the heart of Brooklyn' s trendiest neighborhood, which benefits by being only three block from the waterfront.

Listing History for 62-66 North 3rd Street

Now
06/01/2015
POM by James P. Nelson
Cushman & Wakefield
03/04/2015
$18,000,000
Initial Price by James P. Nelson
Cushman & Wakefield

Building Details for 62-66 North 3rd Street

OwnershipDevelopment Site
Building TypeDevelopment Site
AgePre-War
Year Built1898
Floors3
Learn More About the Building

Transit and Citi Bike

Subway

Bedford Av
0.34 miles

Citi Bike

Kent Ave & N 3 St
0.06 miles
Grand St & Wythe Ave
0.12 miles

Ferry

North Williamsburg
0.25 miles

Contact Agents

Contact Agents

James Nelson
Cushman & Wakefield
David Shalom
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: 57886TH