186 Remsen St - Office FOR SALE


Brooklyn, NY 11201- Brooklyn Heights
$20,000,000 USD
917-412-9996
186 Remsen St, Brooklyn, NY for Sale
$20,000,000 USD
Office - FOR SALE
1/3
null | Request Cap Rate

186 Remsen St
Brooklyn, NY 11201
Brooklyn Heights


HIGHLIGHTS

  • Previously Approved by LPC: 54,523 ZFA
  • C5-2A/R10A Zoning
  • 60,000 ZFA

OVERVIEW

Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis to arrange for the sale of 186 Remsen Street - an existing 50' wide building and a premier development site located in Brooklyn Heights. The Site has a 5,000 SF footprint and the ability to build up to 60,000 ZFA through the City of Yes. With limited availability in the immediate vicinity, this property is ideal for an owner/user or converter/developer. In 2019, the seller who owns one of the world’s most famous 3 Michelin starred restaurant and Inn, received landmarks approval to construct a 14 story (54,523 ZFA) luxury hotel with fully approved plans by the DOB. The seller is willing to explore a JV relationship if the buyer is interested in pursuing a luxury development with a globally recognized hospitality operator. Above Grade SF: ~23,500 GSF Below Grade SF: ~5,000 GSF Total Existing SF: ~28,500 GSF

FOR SALE DETAILS

PRICE

$20,000,000 USD

PRICE/SF

$851 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

C

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

C5-2A/R10A

APN/PARCEL ID

00255-0042

ASK ABOUT THIS PROPERTY

917-412-9996

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917-412-9996

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