51 Havemeyer Street — Sale in Brooklyn, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Brooklyn, NY 11211

Investment Figures

Cap rate
4.50%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to offer 51 Havemeyer Street, a prime and potential Williambsurg Boutique Condo Development Site. This Vacant Brick Mixed Use asset is 25’ x 95’ on Ground Floor with Full Usable Basement, 25' x 45' on Upper 2 Floors and approx 3,500 SF Above Grade. 51 Havemeyer Street contains 7,500 BSF as of right (3.0 FAR, R6A/MX-8) with additional 2,250 Market Rate BSF Certificates This property is a Perfect Live Plus Income Opportunity or Townhouse Redevelopment with Art Gallery on Ground Floor & Retain Air Rights (both excess as of right and the 2,250 BSF additional market rates certs purchase and secured by seller). Investment Highlights: • 51 Havemeyer Street, built in 1910, is a vacant brick mixed-use asset, situated on a 25' x 100' lot. • Tax Class: 1 | Zoning: M1-2/R6A | Fully Leasable "Covered Land Play" Vacant Building • Excellent public transportation—including the L, G, J, M, and Z subway lines, NYC Ferry service, and multiple bus routes.

Market Context

This mixed use in Brooklyn, NY is listed for sale. It is offered at an approximate 4.5% capitalization rate, a key benchmark for income-producing mixed use assets. It has been on the market for 85 days. Compare it against other mixed use listings for sale in Brooklyn, NY — view the full market.

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