59 Jackson Street

Williamsburg

$6,000,000
Last Sold Price
5,000 / 0.11
Lot Size / Acres

Description

Compass has been retained on an exclusive basis to facilitate the sale of 59 Jackson Street in Williamsburg, Brooklyn. This remarkable opportunity is currently a 50'X100' commercial building with 20' ceilings that would be a fantastic retail, office, or warehouse space in one of the most desired areas in NYC. The mixed-use zoning allows for approximately 16,531 net BSF and nearly 18k gross SF above grade. The below architectural plans are for 10 large condo units with 12' ceilings above a retail...Compass has been retained on an exclusive basis to facilitate the sale of 59 Jackson Street in Williamsburg, Brooklyn. This remarkable opportunity is currently a 50'X100' commercial building with 20' ceilings that would be a fantastic retail, office, or warehouse space in one of the most desired areas in NYC. The mixed-use zoning allows for approximately 16,531 net BSF and nearly 18k gross SF above grade. The below architectural plans are for 10 large condo units with 12' ceilings above a retail space, but there are many different confirmed possibilities: A. Parking -- A parking garage is a simple 'as of right' addition that would not take up much if any of the FAR; B. Ceiling Height/Height Limit -- The MX-8 zoning allows for a total building height of 110', so upping the ceiling heights from an already stellar 12' to a ridiculous 15'-16' would be possible; C. Building upon existing -- The existing warehouse is solid and well-made so, with an engineer's approval, it may be possible to put a commercial end-user in the existing and just build on top for residential condos or rentals.

In an area where condos are selling for over $1250/SF and rentals are upwards of $70/SF, this is an opportunity that should not be missed. Please reach out for more details.

Note: The 3.31 FAR is based upon a fully free-market development that would involve the purchase of ~3k SF of Inclusionary Housing Certificates (around $250/SF) which can easily be obtained in CB 1 or ~3k SF of affordable development, which would result in substantial tax benefits for the developer.

Listing Agent

  1. Nathan Horne

    Nathan Horne

    Listing Agent

    Compass

Location

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LISTING UPDATED: 01/02/2022 04:27 AM

Property Details for 59 Jackson Street

StatusSold
Days on Market112
Taxes$2,189 / month
Maintenance-
Min. Down Pymt-
Total Rooms4.0
Compass TypeLand
MLS Type-
Year Built1950
Lot Size5,000 SF / 50' x 100'
CountyKings County

Building

59 Jackson St

1 Units1 StoriesBuilt in 1950

Location

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Building Information for 59 Jackson Street

Lot Size5,000 SF / 50' x 100'Building Age-Building Type-Senior Community-Levels / Stories-Waterfront-Waterfront Features-

Payment Calculator

$34,933 per month

30 year fixed, 7.25% Interest

Principal and Interest

$32,744

Property Taxes

$2,189

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property History for 59 Jackson Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 59 Jackson Street

This home is within Nyc Geog District #14 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 2
Rating
School
Distance
P.S. 132 The Conselyea School
PublicPK to 5

John Ericsson Middle School 126
Public6 to 8

Williamsburg Preparatory School
Public9 to 12

Citizens of the World Charter School 1
CharterK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.