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Williamsburg Brooklyn Exclusive Sale Offering Memorandum ____________________________________ 209 N8th Street | Williamsburg Brooklyn 209 N8th Street Brooklyn, NY Purchase Price: $4,800,000 Executive Summary: The Forray Team @ the Corcoran Group is proud to offer on behalf of Ownership truly rare offering. Introducing the Picture Perfect 209 N8th Street situated one of the premier blocks in the North Side of Williamsburg. Currently set up as a stunning two level professional workspace perfect as a creative studio, professional space that also easily can accommodate higher uses such as F&B, Health & Wellness & Boutique Hotel. It is the very definition of the creative Williamsburg Loft vs Trophy Investment, much sought after, but hardly found. To add the overwhelming allure this has the zoning to be full residential, commercial or mixed use. On a premier block where 5,000SF single-family homes are found a truly unique and value add residential project is most certainly a reality. The existing two-story Loft boasts a massive open space with thoughtfully designed sections that provide character and dimension throughout the building. Filled with light and air, tall ceilings, open staircases, modern touches mixed with exposed brick walls and beamed ceilings. The current build out is perfectly polished and ready for use with full HVAC system, 2 Bathrooms, kitchen, conference rooms, loading dock with c urb cut and direct roof access. Currently there is approx. 1,750 SF of direct roof access from the 2nd floor level. The building size is 3,275 SF above grade with 625 SF cellar and an additional ~3,322 SF FAR. The lot is ~2,500 SF measuring 25’ wide x 100’ deep. Tagged with a Max 2.7 FAR, which yields a development range of up to 6,750 SF. The Zoning is M1-2/R6A/MX-8 which provides the opportunity for full commercial use, mixed use or residential. The sky is the limit. Location is unmatched! The property is between North 8th & Driggs Avenue, sitting in Williamsburg’s premier Residential & Retail Corridors. A block away to the L subway line on Driggs/Bedford Ave, McCarren Park, Domino Park, the East River Ferry, Waterfront and easy access to the Brooklyn-Queens expressway. Some of your neighbors include The Pod Hotel, Hotel Indigo, Apple, Whole Foods, WeWork, Citibank, Flywheel, Equinox, Ghost Fitness, & coming soon are Brooklyn Boulders, The Wing, Trader Joes… There are numerous new developments including hotel, residential, and commercial rising on a daily basis such as the Spitzer Development, 25 Kent Ave Project and Domino Sugar Project. More neighbors include: Starbucks, North Face, Joes Pizza, Juice Generation, Pinkyyotto, Toms, Sephora Studio, Madewell, Lulu Lemon, Shizen, J Crew, Chrome, Levis, G -Star Raw, Pure Barre, Soul Cycle, Supreme, Ralph Lauren. All material herein is intended for information purposes only and has been compiled from sources deemed reliable. Though information is believed to be correct, it is presented subject to errors, omissions, changes or withdrawal without notice 209 N8th Street Brooklyn, NY Property Information: General Information Address & Neighborhood: Building: 209 N Eighth St Building class: Factory- Light Manufacturing (F5) Block & Lot: 02313-0026 Landmark: None Neighborhood: Williamsburg Approximate Gross Sq. ft.: +/- 3,875 Approx. SF Above Grade: +/- 3,250 Valuation & Property Taxes: Approx. direct roof aces: +/- 1,750 Tax class: 4 Building dimensions: 25 ft x 100 ft Property Taxes: $ 15,389 Extension Stories: 2 Lot: Approximate Year built: 1950 Lot sq. ft.: 2,500 Certificate of Occupancy: No Lot dimensions: 25 ft x 100 ft Corner lot: No Use: Buildings on lot: 1 Residential units: 0 Commercial units: 1 Estimated Floor Area Ratio (FAR): Max far: 2.7 Zoning: District code: M1-2/R6A, MX8 FAR as built: 1.3 Max FAR depends on several factors including zoning, location and use. A Zoning Analysis by a licensed professional should be performed to verify the max far for the property is accurate. Existing Building Floorplan All material herein is intended for information purposes only and has been compiled from sources deemed reliable. Though information is believed to be correct, it is presented subject to errors, omissions, changes or withdrawal without notice Exclusively Marketing Through The Forray Team Christopher Cavorti Evan F. Church Marvin Chu Donald Lai Licensed Associate Licensed Associate Licensed Associate Licensed Associate Real Estate Broker Real Estate Broker Real Estate Broker Real Estate Broker 914.804.7091 917.684.0663 718.685.9430 917.947.9917 [email protected] [email protected] [email protected] [email protected] “Real Estate With Results” .
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