Closed 05/11/2013

Development Site in Prime North Williamsburg

97 Wythe Avenue


Closed 05/11/2013 at

Buildable SF 96,000
Zoning M1-2
Lot Size 200 ft x 100 ft
Cross Streets N 9th St & N 10th St
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Development 97 Wythe Avenue, Williamsburg
Ofer Cohen
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Block_Lot 2302_1
Building Class Z9
Lot SF 20,000
Gross FAR 4.80


TerraCRG has been retained to exclusively represent ownership in the sale of the corner development site 93-97 Wythe Avenue. The commercially zoned site sits on one of the fastest developing corridors in North Williamsburg.

The site is located one block from the Wythe Hotel and Brooklyn Bowl and only a few blocks from the Bedford Avenue North 6th Street L subway station; just one stop from Manhattan and two stops away from Union Square.

The site streches 200 feet on Wythe Avenue and is 100 feet deep occupying two prime corners on N 9th & N 10th Streets which presents a great opportunity for a retail/office development. The M1-2 zoned property allows for approximately 40,000 commercial buildable SF as-of-right (retail,office,hotel) and an additional 56,000 buildable SF of community facility for a total of 96,000 gross buildable SF. The new commercial development would be eligible for the ICAP providing an abatement for property taxes for periods up to 25 years.



In the last decade, Williamsburg has become one of NYC’s most popular neighborhoods since the 2005 rezoning, over 6,000 luxury residential units have been developed and occupied in the area and over 4,000 are in the development pipeline right now. Residential rents for new construction buildings in The North side of Williamsburg are fetching over $65/SF and the recent condo pricing has been reaching above the $1,000/SF mark.

Wythe Hotel
New Domino
Brooklyn Bowl
Whole Foods Supermarket

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