Current Use by Public Records
- Retail properties & Spaces
Property Details for 73 Kent Ave
- Year built
- 1960
- Property type
- Retail properties & Spaces
- Property subtype
- Mixed-use 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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9604
- Latitude
- 40.7215
