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177 South 4th Street
Williamsburg, Brooklyn | Driggs Ave & Roebling Street
40 Rooms5 Beds4 Baths17,860 Square FeetDevelopment Site
$9,000,000
$9,000,000
Updated 2 years ago
Off Market

177 South 4th Street

Williamsburg, Brooklyn | Driggs Ave & Roebling Street

40 Rooms5 Beds4 Baths17,860 Square FeetDevelopment Site

$9,000,000
floors2
Lot Size94'x95'
Built Size94' wide
ZoneR2
Building TypeLow-Rise
RE Taxes$114,204
Price Per SF
$504

Property Description for 177 South 4th Street

Welcome to 177 S. 4th Street, a remarkable 17,860 SF building in Prime South Williamsburg with numerous conversion opportunities for investors or end-users. 177 S. 4th features 11’-15’ ceilings, windows on all sides, and numerous different ways for a value-add investor or end-user to convert to their preferred use. Currently setup as offices on the second floor (Use Group 6), with retail (UG 6) and Music Studios (UG 9) on the ground floor, the R6 zoning allows for residential use (UG 2), community facility use (UG 3&4), or continuing the non-conforming commercial use. Ownership is open to various proposals including a sale, a lease, a lease with a purchase option, a ground lease, or owner-financing. Building plans, a pro forma, and a memorandum of allowable uses can be provided upon request. Feel free to reach out for a setup, zoning memo, and pro forma.

Listing History for 177 South 4th Street

Now
10/25/2023
$9,000,000
Initial Price by Nathan Horne
Compass
Launch

Building Details for 177 South 4th Street

OwnershipDevelopment Site
Building TypeLow-Rise
AgePre-War
AccessWalk-up
Year Built1920
Floors2
Learn More About the Building

Transit and Citi Bike

Subway

Marcy Av
0.26 miles
Bedford Av
0.46 miles
Hewes St
0.49 miles

Citi Bike

S 5 Pl & S 5 St
0.06 miles
S 4 St & Roebling St
0.07 miles

Contact Agents

Contact Agents

Nathan Horne
Compass
Gregg Haft
Compass

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. 

More

Featured on the Linecity Blog

The MEDIAN

Manhattan| September 2023

According to New York City records, the median price for an apartment in Manhattan for the month of September 2023 was $1,087,000.  The price represents a decrease of 5.5% from the median price of $1,150,000 recorded in September 2022.  The number of apartment sales fell from 1,170 to 821 reflecting a year-over-year decrease of 30%.  ...

posted on December 30, 2023
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: 93091TH
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