Dumbo Mixed-Use Building Asks $34.5 Million

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The Highcap Group is marketing a 47,000-square-foot building at 25 Jay Street in Dumbo and asking $34,500,000, according to a press release. The five-story, mixed-use building at the corner of Jay and John Streets has 29 apartments and five ground-floor commercial spaces. One of the ground-floor tenants is the coffee shop and roasters Brooklyn Roasting Company. The property comes with approved plans for a 15,000-square-foot rooftop addition that could fit 15 more apartments. And the building has 150 feet of frontage on John Street and is right near the waterfront. It appears that the current owners, an LLC with a Greenpoint address, purchased the building for an undisclosed amount in 1999, according to PropertyShark.

Photo by Scott Bintner for PropertyShark

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