The owner of a 52,250-SF block-through Greenwood Heights building hired Brooklyn-focused brokerage firm TerraCRG to market and sell the property.
Situated between Fourth and Fifth Avenues, the M1-1D zoned, has frontage on both 25th and 24th Streets and is situated outside the Industrial Business Zone (IBZ). The 145 ft x 200 ft lot is improved by a three-story industrial building, with an additional 6,200 SF useable basement.
According to TerraCRG this is a rare opportunity to redevelop a multi-story industrial asset as an office project, school and or storage facilities.
225 25th Street is located just a few blocks from Industry City in Sunset Park, one of the fastest growing commercial neighborhoods in New York City, with over 20,000 people currently employed in the manufacturing and industrial sectors.
The surrounding commercial corridors have seen tremendous amounts of development over the last decade including the addition of shopping centers, hotels, restaurants, and cafes.
Just five blocks away from the property is Liberty View Industrial Plaza on 30th Street – a first-of-its-kind indoor retail experience to come to Sunset Park. With 160,000 SF of retail, the plaza has attracted major national tenants such as Bed Bath & Beyond, Buy Buy Baby, and Saks Off Fifth. The Fourth Avenue corridor, just a few blocks away, has been mostly rezoned to residential is home to several large multifamily and condo developments.
The neighborhood’s growth has spurred in large part of its excellent transportation infrastructure.