30 Franklin Street

For Sale$11,500,000

30 Franklin Street, Brooklyn, NY 11222

  • Industrial

30 Franklin Street, Brooklyn, NY 11222 - Industrial Space

30 Franklin Street is located at 30 Franklin Street in the Greenpoint neighborhood, NY, Brooklyn, 11222. The Industrial building features a total of 15,625 Sqft.

There are 19 industrial spaces for lease in the Greenpoint neighborhood, totaling 252,000 Sqft of available industrial space. The industrial space availability for the 11222 zip code is 320,200 Sqft, in 20 industrial spaces. The average asking industrial rent per sq. ft. in Greenpoint is $32.41/sqft/year. For Class B industrial buildings the average industrial rate is $55/sqft/year.

In Greenpoint, there are 4 class A industrial buildings, there are 36 class B industrial buildings, there are 7 class C industrial buildings. At zip code level, there are 33 commercial properties, of which 25 are industrial buildings over 50,000 square feet.

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Details

  • Sale Price $11,500,000
  • City Brooklyn
  • Neighborhood Greenpoint
  • Zip Code 11222
  • Property Type Industrial
  • Property Size 15,625 Sqft
  • Date Updated 27 Nov, 2019

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Description

Location: Located blockthrough between Franklin Street and Banker Street Block / Lots: 2592 / 11, 14, 15, 26 Lot Dimensions: 225.21’ x 122.32’ Irregular Lot Size: 16,157 SF Combined Building Dimensions: 111’ x 200’ Irregular Gross Building Size: 15,625 SF Combined Combined Frontage: 204.57’ 2-sides of frontage Stories: 1 – 3 Zoning: M1-1 Manufacturing FAR: 1.00 Community Facility FAR: 2.40 Development Rights: 18,817 BSF Includes overbuilt floor area on Lot 15 Assessment (17/18): $449,820 Tax Class 4 Taxes (17/18): $47,564 Based on 16/17 rates Kalmon Dolgin Affiliates has been retained on an exclusive basis to arrange for the sale of a commercial building with development potential in Greenpoint, Brooklyn. The assemblage poses a unique opportunity for a flagship retail development in a rapidly evolving commercial and cultural hotbed of North Brooklyn. The entire assemblage runs blockthrough between Franklin and Banker Streets and offers over 200 feet of combined frontage. 30-38 Franklin Street will be delivered vacant, allowing for immediate development/conversion. The parcel is currently improved by a single-story commercial building on Lots 11 and 14, a three-story commercial building on Lot 15, which is overbuilt by approximately 2,660 SF and a single-story shed not counted toward ZFA on Lot 26. Retaining the existing 3-story building would allow a developer to maximize permitted floor area and capitalize on virtually unobstructed views of Manhattan. 30-38 Franklin Street benefits from close proximity to several means of public transport. The G train station on Greenpoint Avenue is just 7 blocks away. There are several CitiBike stations and MTA bus stops within 3 blocks of the property and the East River Ferry terminal is also in close proximity. With over 7,000 new residential units in the pipeline, the Greenpoint waterfront developments are expected to dramatically increase foot traffic and the resulting retail rents along Franklin Street. A similar progression occurred just south of the property along Kent and Wythe Avenues where retail rents more than tripled after the Williamsburg waterfront was developed.

FREQUENTLY ASKED QUESTIONS

What is the total square footage of 30 Franklin Street?

30 Franklin Street totals 15,625 square feet.

Greenpoint Demographics

The average household income in zip code 11222 is $106,860, from a total of 17,256 households. In terms of employment, there are 90.52 % white-collar and 9.48 % blue-collar jobs in zip code 11222.

Population

  • Total Population36,492
  • Male Population(49.3 %) 18,000
  • Female Population(50.7 %) 18,492
  • Median Age34.80

Income/Financial

  • Average Household Income$106,860
  • Median Household Income$85,111
  • Median Income Under 25$54,453
  • Median Income 25-44$110,363
  • Median Income 45-64$62,303
  • Median Income Over 65$25,560

Attachments

Commercial Brokers Register now to add listings

Nathan Friedman

Kalmon Dolgin Affiliates, Inc.

(347) 390-1170

Sam Zupnick

Kalmon Dolgin

(347) 390-1117