611 Degraw St | Brooklyn, NY 11217
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
611 Degraw St
Brooklyn, NY 11217
Lender-Owned Brooklyn NY Hotel · Hospitality Property For Sale
·
21,000 SF
Investment Highlights
- Fee-simple interest in the REO, non-union, independent 42-room The Brooklyn Union Hotel.
- Recent neighborhood rezoning approval in 2022 has been instrumental in fostering new projects and forward-looking growth prospects.
- Favorable tax abatements via the Gowanus industrial & commercial incentive program will benefit a new buyer and continue through 2037.
- Property is ideally located in the Gowanus neighborhood of Brooklyn and is offered at a substantial discount to replacement cost.
- Unencumbered of brand, management, and debt, providing prospective buyers with an opportunity for alternative branding or use pending zoning approval.
Property Facts
| Sale Condition | Auction Sale | Building Size | 21,000 SF |
| Type of Ownership | Fee Simple | No. Stories | 4 |
| Property Type | Hospitality | Year Built | 2011 |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | B | Parcel Number | 00420-0052 |
| Lot Size | 0.12 AC | ||
| Zoning | M1-4 | ||
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 21,000 SF |
| No. Stories | 4 |
| Year Built | 2011 |
| Corridor | Interior |
| Zoning | M1-4 |
| Parcel Number | 00420-0052 |
Amenities
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
