Residential Development Site in Red Hook
92 King Street
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TerraCRG has been retained to exclusively represent ownership in the sale 92 King Street, a residential development site in Red Hook, Brooklyn.
The property is zoned R5, which is well-suited for a user or investor looking to develop townhouse or condo project in one of the City’s fastest growing submarkets. Located within an Opportunity Zone, the lot is 1,875 SF, allowing for 2,344 BSF. Townhouses in the area are selling north of $1,000/sf.
92 King Street is situated one block away from Red Hook’s most prominent retail corridor. Van Brunt Street is lined with restaurants, bars, cafes, bakeries, art galleries, and additional residential projects. The area is booming on the weekends with neighborhood favorites like the Red Hook Lobster Pound, the Copper Pot, Brooklyn Icehouse, Brooklyn Crab and more.
Several other retailers within the neighborhood include Tesla, Pioneer Works, Red Hook Winery, Van Brunt Still House, Noble Tree Roasting Co. and more.
The property is just two blocks from the NYC Ferry and is also near the BQE – both providing easy access to Manhattan and Queens. The nearest subway is the F-line on the border of Red Hook and Carroll Gardens.