The Johnson Varick Portfolio

512 Johnson Avenue

East Williamsburg

Site A/512 Johnson Ave 29,000 Lot SF
Site B/498 Johnson Ave 26,000 Lot SF
Site C/53 Varick Ave 20,000 Lot SF
Opportunity Zone Site A, B & C
Industrial Business Zone Site A & C
Total ZFA 335,000 ZFA
Total Existing SF 63,900 SF
Subways
l
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Industrial 512 Johnson Avenue, East Williamsburg
Ofer Cohen
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Details

Zoning M1-2
FAR 2.00

Overview

TerraCRG has been retained to exclusively represent ownership in the sale of three commercially-zoned properties at 512 Johnson, 498 Johnson Avenue, Avenue and 53 Varick Avenue in East Williamsburg, Brooklyn.

The Johnson Varick Portfolio, three assets that can be traded together or separately, currently equate to 75,000 lot SF with 63,900 SF of existing buildings and an additional 96,000 SF in available air rights. All three sites are located within the North Brooklyn Rezoning Proposal with Sites A and B within the Growth District and Site C within the Transition Area. The combined proposed FAR would allow for 335,000 ZFA in an energetic area known for trendy office spaces, creative hubs, industrial manufacturing and entertainment/media production. The properties are also located near the BQE allowing for easy distribution to Queens, Manhattan and the rest of Brooklyn.

Attractions

The Johnson Varick Portfolio is conveniently located by both the Morgan Avenue and Jefferson Street L subway stations and are near some of the neighborhoods most popular bars, restaurants, and boutique shopping. Prevalent spots in the vicinity include House of Yes, Roberta’s Pizza, Brooklyn Steel, Brooklyn’s Natural, The Bushwick Collective, as well as Brooklyn Boulders coming to the area.

 

ouse of Yes
Roberta’s Pizza
Brooklyn Steel
Brooklyn’s Natural
The Bushwick Collective
Brooklyn Boulders

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