Real Estate Weekly | September 21, 2016
GFI Realty Services, LLC announced that it has been named exclusive sales agent for the rare opportunity to acquire five contiguous land sites that feature a total of 30,558 square feet of buildable space in Greenpoint, Brooklyn’s Waterfront District.
Owned by two separate entities, the ideally located lots — 40 Commercial Street, 48 Commercial Street, 56 Commercial Street, 13 Clay Street and 15-17 Clay Street — have each been owner-occupied for more than 25 years.
The availability of the five-parcel assemblage provides prospective buyers with the opportunity to acquire a sizeable land site that is zoned for residential development, and features impressive views of Manhattan and the East River. GFI Realty Associate Sash Berg is overseeing the marketing of the assemblage, with pricing targeted at approximately $12.2 million.
The location of the parcels benefits from the potential implementation of the Brooklyn Queens Connector (BQX) — a proposed train route that would connect the 405,000 residents and 296,000 people that work along the Sunset Park to Astoria corridor. According to the New York City Economic Development Corporation, the BQX has the potential to generate more than $25 billion in economic impact over the next 30 years by providing affordable and convenient transit for communities with limited transportation options; supporting growing neighborhoods; increasing access to quality jobs; reducing greenhouse gas emissions; and calming traffic.
View full article here.