186 Remsen St
23,500 SF Vacant Office Building Brooklyn, NY 11201 £15,426,199 (£656.43/SF)
INVESTMENT HIGHLIGHTS
- Previously Approved by LPC: 54,523 ZFA
- 60,000 ZFA
- C5-2A/R10A Zoning
EXECUTIVE SUMMARY
Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis to arrange for the sale of 186 Remsen Street - an existing 50' wide building and a premier development site located in Brooklyn Heights. The Site has a 5,000 SF footprint and the ability to build up to 60,000 ZFA through the City of Yes. With limited availability in the immediate vicinity, this property is ideal for an owner/user or converter/developer. In 2019, the seller who owns one of the world’s most famous 3 Michelin starred restaurant and Inn, received landmarks approval to construct a 14 story (54,523 ZFA) luxury hotel with fully approved plans by the DOB. The seller is willing to explore a JV relationship if the buyer is interested in pursuing a luxury development with a globally recognized hospitality operator.
Above Grade SF: ~23,500 GSF
Below Grade SF: ~5,000 GSF
Total Existing SF: ~28,500 GSF
Above Grade SF: ~23,500 GSF
Below Grade SF: ~5,000 GSF
Total Existing SF: ~28,500 GSF
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Building Size
23,500 SF
Building Class
C
Year Built
1979
Price
£15,426,199
Price Per SF
£656.43
Percent Leased
Vacant
Number of Floors
6
Typical Floor Size
3,917 SF
Building FAR
4.90
Lot Size
0.11 AC
Zoning
C5-2A/R10A
1 of 1
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 00255-0042 | Improvements Assessment | £346,048 |
| Land Assessment | £344,313 | Total Assessment | £690,361 |
