New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Meridian Markets Greenpoint Development Opportunity
Meridian Investment Sales is marketing a retail and commercial development opportunity in the historic district of Brooklyn’s Greenpoint neighborhood. The firm’s David Schechtman, Lipa Lieberman and Abie Kassin are representing the seller, who’s seeking $11 million for 144-150 Greenpoint Ave.
The property consists of two contiguous buildings on a 7,600-square-foot lot. All told, it offers 22,800 total buildable square feet, and current zoning permits a variety of uses. These include repositioning the existing asset, or designing a new building that capitalizes on the property’s development rights.
“This is a very rare and valuable offering, thanks to the property’s 80 feet of frontage along prime Greenpoint Avenue and the ability for vacant possession,” said Lieberman. “The fact that the site offers 22,800 square feet ripe for a user or redevelopment priced in line with market expectations makes the property even more desirable.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Development
- ◦Sale/Acquisition
