Get Your Slice of the Burg for Just $20 Mil
Williamsburg has been very, very good to the owners of the European Marble Works. Or at least it will have been if they get their asking price of $20 million for three corner properties at the intersection of Driggs and Metropolitan Avenue. The location is zoned M-1/M-2 and R-6 so they buyer won’t be able…
Williamsburg has been very, very good to the owners of the European Marble Works. Or at least it will have been if they get their asking price of $20 million for three corner properties at the intersection of Driggs and Metropolitan Avenue. The location is zoned M-1/M-2 and R-6 so they buyer won’t be able to put up anything like the towers on the waterfront. The listing says that a developer could create 81,000 square feet of residential and commercial space, putting the asking price at a multiple of $250 per buildable square foot. Anyone got any spare change?
$20000000 Three Powerfull Corners [Craigslist]
1) 658 Driggs Avenue: GMAP P*Shark
2) 258 Metropolitan Avenue: GMAP P*Shark
3) 641 Driggs Avenue: GMAP P*Shark
what is the fudge?
what is the fudge?
I looked into the property and was told the asking price includes “future air rights” – WTF?
haha….i love how the ad is so exact about the location…”Manhattan Ave”…no wonder about those secrets (above)..
its amazing how long things can be kept a secret in the NYC broker world…i’ve been playing with these properties for almost 3 years…almost had it sold once too…but, as with most deals in the burg, the “fudge” killed it…
Damn I knew I should have bought some junky building back in 1990..Yea all you hipsters I lived in Williamsburg back in 1990. So There I am cooler than you and always will be.
…and to think the hookers used to hang out at this corner back when I lived in the neighborhood.
Actually, it was re-rezoned in October of 2005. A portion of it is M1-2/R6A. There is no M1-1 component.
This property has been shopped around by a broker for 2 years now I think, the price is ridiculous, and seems like a sweat dream.