Property can either be easily finished along current layout or reworked at will giving its owner a considerably broad range of possibilities of design. Property location and area development timing can be somewhat compared to main waterfront area in Williamsburg between N3rd and N6th in around 2009. If not already known, as requirement for any riverfront new development to be granted construction permits by the city of NY, a waterfront park has to be built by developers at their own expenses and opened for public access. This smart law mechanism clearly accelerates the process of waterfront development benefiting everyone.
By comparing with the 18 years it took for Williamsburg to develop, being this approximately the 8th / 9th year of development of Greenpoint, we are estimating that within approximately 6-9 years the largest majority of river front parks should be completed or close to it. Eventually, these would all be linked to one another forming a single a walkable/bike path from Brooklyn Navy yard to Long Island city of about 4 miles in length. As further indication of the development and growing retail value of the specific small city block consisting of 7 townhouses and 2 condos where the property is located, just in the last 4 weeks alone, a 2nd restaurant signed for lease, 3 new retail spaces begun construction. A 3rd restaurant is planned to open up sometime around end of constructions of development next door to 19 Greenpoint.
Town House 2 Floors - 2 Bathrooms / 2 Kitchens - 1,720 sf living space, this area is vacant Each floor consists of approx. 800 sf wide open rooms front to back with kitchen area already connected + 60 sf bathroom. Possible private 900 sf Green Roof with approx. 270 degrees view over river, park, Manhattan skyline, sunset. Possible Lot Windows could be installed on West side on approx. 34 ft. of 45 ft. length wall and with approximately 160 degrees unobstructed view. Neighboring development of 12 floors building at 30 Kent St (https://www.buzzbuzzhome.com/us/30-kent-street1) is in its last construction phase and was not planned to obstruct direct view of city and park. This would mean views would not be blocked for as long as the new condo at 30 Kent St. will remain in existence. There is no new structure directly attached to 19 Greenpoint on river (West) side. Closest structure from building is about 10ft away. 3 + 1 Fireplaces could be brought to working conditions. Chimneys on roof were redone in 2008. Ceilings range from 11' to 12.5' with partially exposed 120 yo wood joists. Top floor has 6 degrees inclined ceiling. Original 120yo sub flooring was converted into beautifully restored floor on 2nd flu and part restored and part painted on 3rd fl. However wood in living room areas is white pine and not particularly hard. Several original details were added: Shower with floor to ceiling window to external window, 800's cast iron tub, original 1930's NYC cast iron lamp post on facade, half arched ceiling structure with built in light framed in solid 6ft long 100 yo wood blocks, facade entrances were redone in 2008 and 2 beautiful original 800's Egyptian doors were installed in a rusted metal frame finished with wood to make a beautiful and unique retail and residential entrance. Both floors run on same Electric, Heat and Gas. As is now, this 2 floors apartment section is best suitable as: Residential Apt + Office / Art studio. Residential + legal rental space. 2 independent apartments-like large rooms within one. One Commercial Space with Retail, Food and Drink permit on GROUND FLOOR 750 sf + GARDEN 1,000 sf + BASEMENT 800 sf. This area is currently LEASED to Grand Republic Cocktail Club. 7 years left on lease + 5 optional additional ones +3% / year rent increase. Tenant pays utilities Ceiling was soundproofed in April 2020. NOTE: rent has been temporarily reduced due to COVID. We think this property is really a unique, opportunity to purchase and develop a really beautiful waterfront property.
Building Features 3 Floors2 Units
$3,200,000 / $1,159 per ft²
Listed on Nov 18, 2020
13 Days on Market
- Beds / 0.0 Baths / 2,760 ft²
Total Monthly expenses: $595
Maintenance: - / R.E. Taxes $595
Mixed Use (1-6 Family)
Lot Size: 20.0' x 95.0' Built: 20.0' x 40.0'
Zoning: S1-5, S9
Exclusively listed with: Nest Seekers International Source: RLS
Unit listing history
|Date||Status||Amount||Listed by||Owner Name|
What is this
Work with an Urbandigs Professional
to help you price this property
pricing report for unit BUILDING