333 Moffat Street, Brooklyn, New York, 11207

333 Moffat Street
Brooklyn NY 11207

Cross street:Knickerbocker Avenue

Building

Type:Low-rise
Era:Post-war
Floors:1

Property

Ownership: Development Site
Rooms: 1
Bedrooms: Studio
Bathrooms: 1

Financials

Price: $15,000,000
578 Driggs Avenue Brooklyn, NY 11211
Courtesy of Compass

Description

Compass has been retained on an exclusive basis to facilitate the sale or joint venture of 333-349 Moffat Street -- a staggering 24,000 SF building on a 28,000 SF corner lot. The owner/developer is in the process improving the existing structure to a column-free 240'X100' "white box" with 35' ceilings, perfect for a music/entertainment venue. Plans can be provided upon request. As is, the building is in M1-1 zoning, allowing for any commercial use -- retail, office, storage, warehouse, etc. -- in an area with asking rents ranging up to $40/SF. The 28,000 SF lot has a current FAR of 1 for commercial use or 2.4 for community facility use. With the city's Bushwick Rezoning Plan, the commercial FAR would go up to 3, allowing 84,000 BSF as of right (see attached architect's analysis). The developer is open to a built-to-suit sale, as well as a joint venture with an equity partner or co-owner/operator. Please reach out for additional information.

Amenities

  • Elevator

Neighborhood

More listings:

Compass has been retained on an exclusive basis to facilitate the sale or joint venture of 333 349 Moffat Street a staggering 24, 000 SF building on a 28, 000 ...

Description

Compass has been retained on an exclusive basis to facilitate the sale or joint venture of 333-349 Moffat Street -- a staggering 24,000 SF building on a 28,000 SF corner lot. The owner/developer is in the process improving the existing structure to a column-free 240'X100' "white box" with 35' ceilings, perfect for a music/entertainment venue. Plans can be provided upon request. As is, the building is in M1-1 zoning, allowing for any commercial use -- retail, office, storage, warehouse, etc. -- in an area with asking rents ranging up to $40/SF. The 28,000 SF lot has a current FAR of 1 for commercial use or 2.4 for community facility use. With the city's Bushwick Rezoning Plan, the commercial FAR would go up to 3, allowing 84,000 BSF as of right (see attached architect's analysis). The developer is open to a built-to-suit sale, as well as a joint venture with an equity partner or co-owner/operator. Please reach out for additional information.

Amenities

  • Elevator

Neighborhood

More listings:

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. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.