Updated 10 days ago
In contract
East Williamsburg, Brooklyn | Humboldt Street & Graham Ave
Development Site

$4,500,000
floors1
Lot Size100'x325'
Building TypeLow-Rise
RE Taxes$42,683

Property Description

Prime East Williamsburg Investment Opportunity

This 4 building taxpayer package offers a very rare 75' contiguous frontage from 3 buildings 103-105-107 Moore St. at 25' each and another 25'x100 ft. at 96 Moore St. for a combined 18,750 buildable square ft. Can also be kept "as is" at 9,375 existing retail sq. ft. and by bringing expired leases to fair market value can become a lucrative triple net lease opportunity.

96 Moore St- Lot: 25' X 100' Building: 25' X 80' with 4,075 sq ft unused FAR
103 Moore St- Lot: 25' X 100' Building: 25' X 50' with 4,825 sq ft unsed FAR
105 Moore St- Lot: 25' X 50' Building: 25' X 50' with 4,825 sq ft unused FAR
107 Moore St- Lot: 25' 75' Building: 25' 75' with 2,681 sq ft unused FAR


Real Estate Tax/ Zoning/ Building Class
96 Moore St- $12,015/ R6/ Retail (K1)
103 Moore St- $10,773/ R6/ Retail (K1)
105 Moore St- $9,540/ R6/ Retail (K1)
107 Moore St- $10,355/ R6/ Retail (K1)

Listing History

Now
01/17/2020
Contract Signed by Victoria Capozucca
Brown Harris Stevens
01/14/2020
$4,500,000
Initial Price by Victoria Capozucca
Brown Harris Stevens

Building Details

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

Transit and Citi Bike

Subway

Flushing Av
0.24 miles
Lorimer St
0.28 miles
Montrose Av
0.31 miles
Broadway
0.47 miles
Flushing Av
0.48 miles

Citi Bike

Humboldt St & Varet St
0.08 miles
McKibbin St & Manhattan Ave
0.15 miles
Broadway & Whipple St
0.16 miles
4
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East Williamsburg | Brooklyn

Quick Profile

East Williamsburg is a mixed industrial neighborhood in Brooklyn, with many working factories that make everything from beer and wontons to clothing and concrete. You are likely to hear screeching, pounding and the deep thump of industrial machinery throughout the day. East Williamsburg has become a haven for artists and musicians of every description, who are attracted to the large open loft spaces of the converted industrial buildings. The area has attracted a younger crowd of 20- and 30-somethings that are drawn by affordable rents and a generally lower cost of living.

There is a rich history of immigrants from Puerto Rico and Italy, and oddly enough, they chose to settle on opposite ends of Graham Avenue, with the Italians on the north and the Puerto Ricans on the south.

Housing in the area consists of mid-rise apartment buildings, row houses, and public housing complexes. There are also smaller multi-family apartment buildings available. Lofts are becoming more prevalent as the older, abandoned factory buildings come up for sale and are converted into residential properties. 

East Williamsburgfairly pulses with a creative vibe. There are unique shopping venues, numerous tiny coffee shops, interesting restaurants, and cafes, along with food trucks that frequent the area. The grocery stores are affordable and carry a wide variety of goods that appeal to the eclectic tastes of the neighborhood residents.

There is a vibrant bar scene, where you will find mostly local residents imbibing, so it is easy to make friends among your neighbors if you stop in frequently at your favorite watering hole. There are many interesting shops, bars and restaurants tucked in amongst the warehouses and factories. Many do not invest in elaborate signage, so it can be difficult to find some of the best spots. Keep an eye out for hand-painted signs on the sides of buildings with arrows pointing to nondescript, nearly invisible entrances.

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: 78038TH