exclusive sale offering memorandum...of a company embodying the american dream. set on 1/3rd of an...
TRANSCRIPT
Exclusive Sale Offering Memorandum
___________________________________
961 Grand Street AKA 350 Devoe Street
Williamsburg Brooklyn
Exclusively Represented By:
Christopher Cavorti
Licensed Associate
Real Estate Broker
914.804.7091
Evan F. Church
Licensed Associate
Real Estate Broker
917.684.0663
Marvin Chu
Licensed Associate
Real Estate Broker
718.685.9430
Donald Lai
Licensed Associate
Real Estate Broker
917.947.9917
961 Grand Street | Williamsburg Brooklyn
Purchase Price: $6,185,000
Executive Summary:
An extraordinary opportunity to acquire 961 Grand Street AKA 350 Devoe Street in Williamsburg, Brooklyn.
Home to Amerom Metal Works for the last quarter of a century, this rare property exhibits the generational history
of a company embodying the American Dream.
Set on 1/3rd of an Acre this 14,380 SF LOT with M1-1 Zoning spans an enormous footprint from bustling Grand
Street a full block to Devoe Street. The subject property currently consists of X3 unique commercial buildings
including X1 39’ tall, +/- 6,875 SF open Warehouse on the ground level with additional multi-leveled mezzanines.
Constructed with the beam & block method, the Warehouse offers a stable foundation for any type of heavy
construction use. The second building is an existing 3-story masonry structure with +/- 4,860 SF above grade, an
additional +/- 1,375 SF full height finished basement and a detached +/- 690 SF garage. The central beam added
to each floor in this structure allows for unobstructed full-floor and optimized layouts. Lastly, a vast open
ground/parking area totaling +/- 1,800 SF with a doublewide entrance provides access for large trucks and heavy
equipment.
Seize the Opportunity in Williamsburg’s Future-Shaping Industrial Business Zone (IBZ). Suitable for all levels
of use in an M1-1 Zone. Please note all IBZ Zones are under study for a rezoning, which could potentially lead
to the doubling of the buildable square footage. With this set of unique buildings on the property, the possibilities
are limitless; ideal for everything from Manufacturing, Hospitality to Food and Beverage Uses. The substantial
building span allows for large venues or storage capabilities. 961 Grand Street’s location is the perfect link
between Williamsburg & Bushwick where Studios, Music Halls, and Large Venues mesh intimately with
manufacturing and service businesses, resulting in a thriving and densely populated area.
All material herein is intended for information purposes only and has been compiled from sources deemed reliable. Though information is believed to be
correct, it is presented subject to errors, omissions, changes or withdrawal without notice
961 Grand Street | Williamsburg Brooklyn
Property Information:
General Information (not verified):
Address & Neighborhood:
961 Grand St, AKA 350 Devoe Street
Block & Lot: 2924-16
Neighborhood: Williamsburg
Valuation & Property Taxes:
Tax class: 4
Property Taxes: $ 32,314
Lot:
Lot sq. ft.: +/- 14,380
Lot dimensions (irregular): 126.83’ x 101.11’
+ 25’ x 83.5’
Corner lot: No
Buildings on lot: 3
Floor Area Ratio (FAR):
FAR: 1.0
MAX FAR CF: 2.4
Max FAR depends on several factors including zoning, location and use. A Zoning
Analysis by a licensed professional should be performed to verify the max far for the
property is accurate.
Zoning:
District code: M1-1
General Building:
Building Class: Misc. Warehouse(E9)
Landmark: None
Approximate Gross SF +/- 12,428 (not including mezz)
Certificate of Occupancy: N/A
Building 1 - Warehouse:
Open Building SF +/- 6,875
Mezzanine: YES
Approximate Mezzanine Area: +/- 3,960 ****
Building 2 - 3 Story Building:
Gross SF: +/- 4860
Approximate Cellar SF: +/- 1375
Extension: YES
Building 3 - Garage:
Gross SF: +/- 693
Estimated Total Property Gross Building
SF including Cellars & Mezzanines: +/- 17,763
Please note: all above Property Square Footage and information are Estimates for
Marketing Purposes Only. Any Prospective Purchaser must verify all quantities
for accuracy with their professional.
All material herein is intended for information purposes only and has been compiled from sources deemed reliable. Though information is believed to be
correct, it is presented subject to errors, omissions, changes or withdrawal without notice
961 Grand Street | Williamsburg Brooklyn
Future Vision:
All material herein is intended for information purposes only and has been compiled from sources deemed reliable. Though information is believed to be
correct, it is presented subject to errors, omissions, changes or withdrawal without notice
961 Grand Street | Williamsburg Brooklyn
Survey:
All material herein is intended for information purposes only and has been compiled from sources deemed reliable. Though information is believed to be
correct, it is presented subject to errors, omissions, changes or withdrawal without notice
961 Grand Street | Williamsburg Brooklyn
Floorplans:
All material herein is intended for information purposes only and has been compiled from sources deemed reliable. Though information is believed to be
correct, it is presented subject to errors, omissions, changes or withdrawal without notice
961 Grand Street | Williamsburg Brooklyn
Existing Photos:
All material herein is intended for information purposes only and has been compiled from sources deemed reliable. Though information is believed to be
correct, it is presented subject to errors, omissions, changes or withdrawal without notice
961 Grand Street | Williamsburg Brooklyn
Existing Photos:
Christopher Cavorti
Licensed Associate
Real Estate Broker
914.804.7091
Evan F. Church
Licensed Associate
Real Estate Broker
917.684.0663
Marvin Chu
Licensed Associate
Real Estate Broker
718.685.9430
Donald Lai
Licensed Associate
Real Estate Broker
917.947.9917