Centrally located on the border of Williamsburg and Greenpoint, 131 Kingsland could be the site of your next new development. Whether your goal is to build a condo or new rental building, recent new developments nearby capture a high price per square foot. From 131 Kingsland residents will have access to an array of shops, restaurants, parks, and the Graham L Train (a quick commute to Manhattan).
*Mixed-Use Building with R6-B zoning.
*Currently built as 2,500 SF with an additional 2,500 SF available for a total of 5,000 buildable SF.
*Lot and building size is 25' x 100' .
*Zoning allows Primary 3-Family with retail (S3).
*To be delivered VACANT.
Greenpoint is the northernmost point in the borough of Brooklyn. Greenpoint borders Williamsburg and East Bushwick, East Williamsburg, and Long Island City (Queens). This riverfront neighborhood is undergoing its own cultural makeover. Greenpoint has long been known as an immigrant neighborhood (it’s even referred to as “Little Poland”) but is also an appealing real estate option for bohemian city dwellers. Greenpoint is home to the famous McCarren Park and several churches and schools known for their architectural bonafides.
With the recent unprecedented rate cut by the Federal Reserve, banks have been inundated with people looking to take advantage of lower interest rates. Because of the overwhelming demand, we have not yet seen a huge reduction in mortgage rates. While we aren’t there yet, it is likely that we will see a dramatic shift in the upcoming months, which raises the question, “What does a 1 point difference in interest rate do for my bottom line?”Read more