73 Kent AveBrooklyn, NY 11249

Property Details for 73 Kent Ave

Year built

1960

Property size (Sq ft)

25,520 SF

Property type

Other commercial real estate

Property subtype

Other retail properties

Description

This exceptional 25,520 square foot commercial property at 73 Kent Avenue in Williamsburg, Brooklyn presents a compelling value-add investment opportunity. The two-story building, constructed in 1960, sits on a 12,760 square foot lot and boasts over 224 feet of wraparound frontage. Currently vacant with an occupancy date of September 16, 2024, this M1-2 zoned property offers significant redevelopment potential. The building's prime location directly across from Marsha P. Johnson State Park and the soon-to-be-expanded Bushwick Inlet Park provides unparalleled waterfront views and proximity to the vibrant Williamsburg neighborhood. Benefit from the area's thriving 24/7 retail, hospitality, and food and beverage scene, with renowned hotels like The Hoxton, Arlo, William Vale, and The Wythe within easy reach, as well as popular entertainment venues such as Second City and Brooklyn Bowl. The demolition of the adjacent CitiStorage building will further enhance the property's value by creating expansive park and Manhattan skyline views. This unique opportunity allows for repositioning of the existing structure and activation of the rooftop space, maximizing its potential within this dynamic and sought-after location. The asking price is $22,500,000.

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.7215

Longitude

-73.9604

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