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101-103 Luquer St 5,217 SF Industrial Building Brooklyn, NY 11231 $5,200,000 ($996.74/SF)
INVESTMENT HIGHLIGHTS
- Carroll Gardens Development Site Zoned R6B with approximately 10,434 Buildable Square Feet
- Local Condominium and Townhouse Prices Breaching $1,600 PSF
- Two Existing Curb Cuts in place with over 50 Feet of Frontage to Luquer Street
- Existing Vacant Single Story 5,217 Square Foot Commercial Building Allowing for Significant Redevelopment Opportunities
- Five Blocks from both the Carroll Street and the Smith / 9th Street “F” & “G” Train Station
- Current Real Estate Taxes of $36,380
EXECUTIVE SUMMARY
The Nowak Group of Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 101 Luquer Street. The subject property is a single-story commercial building located between Henry and Clinton Street in the Carroll Gardens neighborhood of Brooklyn, NY. The property is built full on a 52.17 x 100-foot lot (Block: 373 Lot: 44).
The vacant building is zoned R6B allowing for significant redevelopment opportunities. The total buildable square feet as of right is 10,434 square feet. The building is an ideal candidate for a condominium, townhouse or high-end rental development. Condominiums and townhouses sales in similar redevelopments have breached $1,500 per square foot.
101 Luquer Street is located five blocks from the Carroll Street subway station, serviced by the F & G trains. The subject property offers owner-users and developers the rare opportunity to purchase a strategically located commercial building with significant redevelopment potential in the Carroll Gardens neighborhood of Brooklyn. The property is not subject to any landmark designation.
The vacant building is zoned R6B allowing for significant redevelopment opportunities. The total buildable square feet as of right is 10,434 square feet. The building is an ideal candidate for a condominium, townhouse or high-end rental development. Condominiums and townhouses sales in similar redevelopments have breached $1,500 per square foot.
101 Luquer Street is located five blocks from the Carroll Street subway station, serviced by the F & G trains. The subject property offers owner-users and developers the rare opportunity to purchase a strategically located commercial building with significant redevelopment potential in the Carroll Gardens neighborhood of Brooklyn. The property is not subject to any landmark designation.
PROPERTY FACTS Under Contract
| Price | $5,200,000 | Rentable Building Area | 5,217 SF |
| Price Per SF | $996.74 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1968 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Clear Ceiling Height | 16’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 0.12 AC | ||
| Zoning | R6B - A medium-density residential zoning district in New York City designed to maintain neighborhood character, typically characterized by buildings up to 50 feet tall. | ||
| Price | $5,200,000 |
| Price Per SF | $996.74 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.12 AC |
| Rentable Building Area | 5,217 SF |
| No. Stories | 1 |
| Year Built | 1968 |
| Tenancy | Single |
| Clear Ceiling Height | 16’ |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | R6B - A medium-density residential zoning district in New York City designed to maintain neighborhood character, typically characterized by buildings up to 50 feet tall. |
AMENITIES
- Signage
Walk Score®
Very Walkable (89)
Transit Score®
Excellent Transit (89)
Bike Score®
Very Bikeable (89)
PROPERTY TAXES
| Parcel Number | 00373-0044 | Improvements Assessment | $382,050 |
| Land Assessment | $55,800 | Total Assessment | $437,850 |
PROPERTY TAXES
Parcel Number
00373-0044
Land Assessment
$55,800
Improvements Assessment
$382,050
Total Assessment
$437,850
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101-103 Luquer St
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