Listings

30 Franklin Street

30 Franklin Street

30 Franklin Street
Brooklyn, NY, 11222

Size: 15,625 SF
Sale Price: Upon Request


Brokers
Sam Zupnick
szupnick@kalmondolgin.com
Phone: 347-390-1117

Nathan Friedman
nfriedman@kalmondolgin.com
Phone: 347-390-1170


Location                               Located blockthrough between Franklin Street and Banker Street

Block / Lots                          2592 / 11, 14, 15, 26

Lot Dimensions                    225.21’ x 122.32’ Irregular

Lot Size                                16,157 SF Combined

Building Dimensions            111’ x 200’ Irregular

Gross Building Size              15,625 SF Combined

Combined Frontage              204.57’ 2-sides of frontage

Stories                                 1 - 3

Zoning                                  M1-1

Manufacturing FAR               1.00

Community Facility FAR        2.40

Development Rights             18,817 BSF Includes overbuilt floor area on Lot 15

 

Assessment (17/18)             $449,820 Tax Class 4

Taxes (17/18)                      $47,564 Based on 16/17 rates

 

 

Kalmon Dolgin Affiliates has been retained on an exclusive basis to arrange for the sale of a commercial building with development potential in Greenpoint, Brooklyn.

 

The assemblage poses a unique opportunity for a flagship retail development in a rapidly evolving commercial and cultural hotbed of North Brooklyn. The entire assemblage runs blockthrough between Franklin and Banker Streets and offers over 200 feet of combined frontage. 30-38 Franklin Street will be delivered vacant, allowing for immediate development/conversion.

 

The parcel is currently improved by a single-story commercial building on Lots 11 and 14, a three-story commercial building on Lot 15, which is overbuilt by approximately 2,660 SF and a single-story shed not counted toward ZFA on Lot 26. Retaining the existing 3-story building would allow a developer to maximize permitted floor area and capitalize on virtually unobstructed views of Manhattan.

30-38 Franklin Street benefits from close proximity to several means of public transport. The G train station on Greenpoint Avenue is just 7 blocks away. There are several CitiBike stations and MTA bus stops within 3 blocks of the property and the East River Ferry terminal is also in close proximity.

 

With over 7,000 new residential units in the pipeline, the Greenpoint waterfront developments are expected to dramatically increase foot traffic and the resulting retail rents along Franklin Street. A similar progression occurred just south of theproperty along Kent and Wythe Avenues where retail rents more than tripled after the Williamsburg waterfront was developed.


Listing ID: 996
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