59 Jackson Street
59 Jackson Street
$6,000,000
5,000 / 0.11
Sold 12/28/21
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.
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
Location
LISTING UPDATED: 01/02/2022 04:27 AM
Property Details for 59 Jackson Street
Status | Sold |
---|---|
Days on Market | 112 |
Taxes | $2,189 / month |
Maintenance | - |
Min. Down Pymt | - |
Total Rooms | 4.0 |
Compass Type | Land |
MLS Type | - |
Year Built | 1950 |
Lot Size | 5,000 SF / 50' x 100' |
County | Kings County |
Building
Location
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
The Payment Calculator is for illustrative purposes only.
Property History for 59 Jackson Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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