333 Moffat Street, Unit - 6+ Bed Apt for Sale for $15,000,000

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333 Moffat Street

Listing no longer available on CityRealty as of Jan 13, 2021

It previously was on the market for a total of 316 days.

316 days on Market

Pricing History

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Previous Photos & Floor Plan

333 Moffat Street,

333 Moffat Street,

333 Moffat Street,

333 Moffat Street,

333 Moffat Street,

333 Moffat Street,

333 Moffat Street,

333 Moffat Street,

Key Details

Listed: Mar 3, 2020

Last Price Change: -37.5% ($9M) on Aug 10

Days on Market: 316

Building Type: Townhouse

Neighborhood: Bushwick (Brooklyn)

Est. Monthly Mortgage: -

Total Est. Monthly Carrying Cost: $82,350

Note: the above is based on a down payment of 20% ($3,000,000), which is the minimum amount permitted by the building.

Description

Compass has been retained on an exclusive basis to facilitate the sale or joint venture of 333-349 Moffat Street -- a staggering 24,000 SF building on a 28,000 SF corner lot. The owner/developer is in the process improving the existing structure to a column-free 240'X100' "white box" with 35' ceilings, perfect for a music/entertainment venue. Plans can be provided upon request. As is, the building is in M1-1 zoning, allowing for any commercial use -- retail, office, storage, warehouse, etc.

-- in an area with asking rents ranging up to $40/SF. The 28,000 SF lot has a current FAR of 1 for commercial use or 2.4 for community facility use. With the city's Bushwick Rezoning Plan, the commercial FAR would go up to 3, allowing 84,000 BSF as of right (see attached architect's analysis).

The developer is open to a built-to-suit sale, as well as a joint venture with an equity partner or co-owner/operator. Please reach out for additional information.

RLS IDX Data display by CityRealty.com, LLC. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.

All closed sales data has been provided by the New York City Department of Finance via the Automated City Register Information System (ACRIS). No warranty or representation is made as to the accuracy of any data provided by ACRIS or any other sources.

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