Closed 04/01/2015

16,250 SF Elevator Building Completely Vacant

401-405 State Street, Brooklyn, NY

Boerum Hill

Closed 04/01/2015 at
$10,000,000

Gross BSF 12,825
Zoning R6B/DB/C6-1
Lot Size 50 ft x 118 ft
Cross Street Bond Street & Nevins Street
Subways
a
b
c
d
g
n
q
r
2
3
4
5
Other Transportation
Long Island Rail Road
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401-405 State Street, Brooklyn, NY, Boerum Hill
Ofer Cohen
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Details

First Floor SF 3,890
Mezzanine SF 405
Second Floor SF 3,830
Third Floor SF 3,830
Basement SF 4,295
Gross Existing SF 16,250
Block 172
Lot 50
Lot SF 5,466
FAR 2.0-3.44
Building Class P3
Building Size 50 ft x 118 ft
Stories 3
Tax Assessment (14/15) $698,940
Annual Taxes (14/15) $72,152

Overview

Located between Nevins Street and Bond Street, the 3-story commercial property stretches 50 feet on the tree-lined townhouse block.

The concrete elevator building sits on an approximately 50 ft x 118 ft, slightly irregular lot and is overbuilt with a gross total of approximately 16,250 SF. The property could be ideal for a community facility such as a school, dormitory, community center/office, health care facility or as a residential conversation. The building is vacant and the interior of the building has been gutted.

The property is only three blocks from the Barclays Center and the Atlantic Terminal Mall with access to several national retail tenants and the 2,3,4,5,B,D,N,Q,R subway lines and the LIRR.

Attractions

Within the last few years, development came to Boerum Hill in full force; first with a series of new townhouses along State Street (the sold extremely well) and, more recently, with several new condo buildings. The Property is located around the corner from the Hub and steps from the BAM- Downtown Cultural District with many theatres, performance spaces and concert halls.

Barclays Center
Pacific Park
Atlantic Terminal Mall
City Point
Fulton Street Mall
BAM

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