Introducing 66 South 6th Street, an Astounding Mixed Use & Commercial Development Opportunity in the mecca of South Williamsburg! This Four Unit Free Market Masonry Building is calling for all developers, users and/or long investors seeking to realize long-term value and high income potential.

Build your dream mixed-use, commercial, and/or residential masterpiece on this expansive 25.33' X 103' lot with C4-3 Zoning! 3.4 Commercial FAR allows for 8,871 SF ($338/bSF) mixed used/commercial and 2.43 Resi FAR allows for 6,340 SF residential new development (to be verified). Tailored for Luxury Condos or Rentals where sales nearby exceed $1,400 PPSF, retail rents eclipsing $80 PPSF & residential rents are well over $60 PPSF. A full commercial use with retail + creative office can also be feasible. Located in an Opportunity Zone!

The existing property is 20? wide, +/- 3,000 SF semi-detached classic prewar brick townhouse with an existing rent roll (under-market) of $126k/year ($10,500/pm). It's comprised of well-maintained 1.5-2 bedroom full-floor free market residential units, cellar and massive rear yard. Current Tax Class 1 allows for low annual taxes.

Enjoy the convenience and comforts of riverfront living in close proximity to some of the top restaurants in New York City located on the Southside of Williamsburg: Peter Luger Steakhouse, Meadowsweet, Diner, Marlow & Sons, Patrizia?s of Brooklyn, Barano, Motorino. City Acres gourmet supermarket is two blocks way and right down Kent is the East River Ferry, nearby transportation also includes J, M, Z subway lines on Marcy Ave and the bike/pedestrian path on the Williamsburg Bridge.

The redevelopment and transformation of the Southside riverfront offers tremendous upside! Over 20,000 SF of new retail space and a brand new waterfront esplanade is located at 420 Kent, while the new Domino Park (designed by the lead architects of Manhattan's High Line) is merely a few blocks north! Kent?s promenade will add to the communal boardwalk stretching from Greenpoint all the way to Dumbo, over 77,000 SF -- Build & Settle in the new center of Brooklyn!

Property Details of 66 South 6th Street, Unit NA

Property Details

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Listed by Marvin Chu and Christopher Cavorti of Corcoran Group

Based on information submitted to REBNY as of June 25, 2022 10:49 AM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

 
 

 

 

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