River Street Assemblage

Williamsburg, Brooklyn, New York 11211

Listing ID Number

25510

Property Description

Cushman & Wakefield has been retained by Consolidated Edison Company of New York, Inc. on an exclusive basis to arrange for the sale of a waterfront development site located at One River Street in Williamsburg, Brooklyn.

With an approximate land above water footprint of 3.2 acres in an M3-zoning district, the parcels may collectively generate up to ±278,910 buildable square feet of as-of-right commercial development rights. The subject property also includes a substantial portion of land under water that is not counted toward buildable floor area calculations. Additional items such as piers and platforms located on portions of the property may qualify to generate additional FAR.

The flexible M3-1 zoning designation permits a wide array of commercial uses, including retail, office, light-manufacturing, and mixed-use projects. The future project will also benefit from waterfront exposure with panoramic Manhattan views and roughly 385 feet of frontage along River Street.

The River Street Assemblage is located on the Northside Williamsburg waterfront near iconic neighborhood buildings like the Austin Nichols House, One North Fourth and Level residences. The property is in close proximity to the East River Ferry terminal and the L train providing a direct connection to Manhattan. Furthermore, the assemblage sits along the proposed path of the highly anticipated Brooklyn Queens Connector (BQX) adding to the attractiveness of the offering. The River Street Assemblage is a blank canvas providing the opportunity to execute a transcendent vision.

Overview

Building Type:Development/Conversion Sites

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Stephen P. Palmese
Vice Chairman
(718) 307 6552
stephen.palmese@cushwake.com

Brendan Maddigan
Executive Managing Director
(718) 307 6507
brendan.maddigan@cushwake.com

Michael J. Mazzara
Director
(718) 606 7052
michael.mazzara@cushwake.com

Ethan Stanton
Director
(718) 307 6553
ethan.stanton@cushwake.com

James Berluti
Associate Director
(718) 606 7053
james.berluti@cushwake.com


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Property Map


Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.