Six-Story Vacant Building
216 Plymouth Street
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TerraCRG has been retained to exclusively represent ownership in the sale of 216 Plymouth Street in DUMBO, Brooklyn. The offering represents a rare opportunity to own a building in a neighborhood that is primarily comprised of large office buildings and condominiums.
Located between Jay and Bridge Streets, the mixed-use, zoned commercial building is approximately 13,620 SF above grade with an additional 2,270 SF of usable below grade space.
The property is currently being used as creative offices and art studios, and will be delivered vacant. The M1-4/R7A/MX-2 zoning allows for a variety of uses including office and residential. The building’s floor plates are about 2,270 SF each.
Over the last decade, DUMBO has become one of NYC’s most popular neighborhoods to live and work, featuring Brooklyn records on both office rents, as well as, condo sellouts. The recent completion of Brooklyn Bridge Park, Empire Stores and St Ann’s Warehouse anchored the neighborhood as an iconic global tourist destination.
The pocket between the Manhattan and Brooklyn Bridges has been a center of innovation and creativity for a couple of decades with tech companies, creative agencies and boutique finance firms occupying the commercial office buildings.
The recent additions of DUMBO Heights, as well as Empire Stores, elevated both the quality and the size of available spaces with office rents that surpass $80/SF and very little vacancy.