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.