159 Broadway

159 Broadway, Brooklyn, NY 11211
Bankruptcy Sale
Bankruptcy Sale

Details

Seeking Proposals For:

Joint Venture | Sale | Recapitalization

Rosewood Realty Group has been exclusively engaged to market 159 Broadway, Brooklyn NY, as a Joint Venture, Recapitalization, or Sale. This is an unmatched opportunity to develop what is potentially North Brooklyn’s best development site.

 – Prime Williamsburg
– 130,154 Buildable SF shovel ready site
– 25 year ICAP tax abatement
– Located in a qualified Opportunity Zone
– Approved plans for a 26-story, 277’ tall mixed-use building
– Foundation poured and underpinned to adjacent sites
– Steps to Bedford Avenue, the main retail corridor in Williamsburg
– 3 blocks from Marcy Avenue subway station serviced by the M, J and Z trains, just one train stop from Manhattan
– Blocks from the Williamsburg Bridge, 3 blocks from I-278, the Brooklyn Queens Expressway
– 6 blocks from the South Williamsburg ferry terminal providing access to Manhattan and Brooklyn
– Roof deck pool and bar
– Ground floor restaurant and bar with below-grade ballroom
– No special permit required (grandfathered)

Currently, the site is in the early stages of excavation and construction can be resumed immediately.

Agents

  • ID: 5142
  • Published: September 12, 2021
  • Last Update: September 13, 2021
  • Views: 419