Rare Live/Work Opportunity
87 Luquer Street
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TerraCRG has been retained to exclusively represent ownership in the sale of the live/work property located at 87 Luquer Street in Carroll Gardens.
This is a rare opportunity to own one of the most recognizable buildings in Carroll Gardens. The three-story, 6,875 SF building is currently built out and will be delivered vacant upon sale. The building benefits from a unique certificate of occupancy allowing for semi-industrial uses on the ground floor, offices on the second floor and residential on the top floor. Under the current R6B zoning, the building can also be completely converted to residential use. The offering presents an exceptional opportunity for investors to capitalize on both the strong retail/office rents and the strength of the residential market, and users to capitalize on the ability to own live/work space in Brooklyn.
Carroll Gardens has experienced tremendous growth over the last decade. The neighborhood is home to some of the best public schools in Brooklyn along with numerous parks and playgrounds. Carroll Gardens is a dynamic and highly sought-after neighborhood for families and young professionals, making larger apartment and new townhouse developments very attractive to developers and buyers alike. 87 Luquer Street, situated between Henry and Clinton Streets, is just a few blocks from two amenity rich streets, Smith and Union, both lined with trendy bars, restaurants and shops.
The property is just a few blocks from the F & G subway lines at both Smith/9th Street and Carroll Street. The property is also easily accessible by vehicle, providing a quick commute to Manhattan via the Hugh L Carey Tunnel.