51 Havemeyer St, Brooklyn, NY 11211

Prime Williamsburg Boutique Condo Development Site Asking Price: $5,100,000 | $523 PBSF | Condo’s in Immediate Area selling for north of $1,800 PSF Vacant Brick Mixed Use Built 25’ x 95’ on Ground Floor with Full Usable Basement | 25' x 45' on Upper 2 Floors | Approx 3,500 SF Above Grade | Situated on a 25’ x 100’ Lot Fully leasable “Covered Land Play” Vacant Building with HVAC already separated and pass-through to each unit. Projection of $250,000 of NOI in as-is shape. 7,500 BSF as of right (3.0 FAR, R6A/MX-8) with additional 2,250 Market Rate BSF Certificates Secured by Developer for Use “on site” or within “same community board district” for a total of 9,750 BSF 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) Ideal for developer in a 1031 exchange that needs to “park” rollover gains in a future development site.