101-103 Luquer St - Warehouse FOR SALE


Brooklyn, NY 11231- Carroll Gardens
$5,200,000 USD
718-475-4321
101-103 Luquer St, Brooklyn, NY for Sale
$5,200,000 USD
Warehouse - FOR SALE
1/6
null | Request Cap Rate

101-103 Luquer St
Brooklyn, NY 11231
Carroll Gardens


HIGHLIGHTS

  • Carroll Gardens Development Site Zoned R6B with approximately 10,434 Buildable Square Feet
  • Existing Vacant Single Story 5,217 Square Foot Commercial Building Allowing for Significant Redevelopment Opportunities
  • Local Condominium and Townhouse Prices Breaching $1,600 PSF
  • Five Blocks from both the Carroll Street and the Smith / 9th Street “F” & “G” Train Station
  • Two Existing Curb Cuts in place with over 50 Feet of Frontage to Luquer Street
  • Current Real Estate Taxes of $36,380

OVERVIEW

The Nowak Group of Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 101 Luquer Street. The subject property is a single-story commercial building located between Henry and Clinton Street in the Carroll Gardens neighborhood of Brooklyn, NY. The property is built full on a 52.17 x 100-foot lot (Block: 373 Lot: 44). The vacant building is zoned R6B allowing for significant redevelopment opportunities. The total buildable square feet as of right is 10,434 square feet. The building is an ideal candidate for a condominium, townhouse or high-end rental development. Condominiums and townhouses sales in similar redevelopments have breached $1,500 per square foot. 101 Luquer Street is located five blocks from the Carroll Street subway station, serviced by the F & G trains. The subject property offers owner-users and developers the rare opportunity to purchase a strategically located commercial building with significant redevelopment potential in the Carroll Gardens neighborhood of Brooklyn. The property is not subject to any landmark designation.

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$997 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

2

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12

LAND SF

5,235

ZONING

R6B

APN/PARCEL ID

00373-0044

ASK ABOUT THIS PROPERTY

Jesse KayMarcus & MillichapMore Info
718-475-4321

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Jesse KayMarcus & MillichapMore Info
718-475-4321

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.