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159 broadway Listing Details & Market Data

159 broadway, Brooklyn, NY 11211

  • For Sale $28,000,000
  • Property Type Land
  • Property Size 132,398 SF
  • Lot Size 9,262 SF
  • # of Floors 26
  • Date Updated Jun 23, 2022

Rosewood Realty Group has been exclusively engaged to market for sale 159 Broadway, New York under a chapter 11 bankruptcy plan. This is an unmatched opportunity to develop what is potentially North Brooklyn’s best development site.159 Broadway, located in an opportunity zone, is a 132,398 BSF shovel ready site located on the north side of Broadway, between Driggs and Bedford Avenue in prime Williamsburg.

The approved plans call for a 300 foot tall, 26-story mixed-use building which will be comprised of a 235 key hotel on floors 2-16, and 21 residential condominiums on floors 20-25. The hotel will feature a restaurant, two bars and a rooftop terrace with pool with an 18’ cantilever over the building. Amenities will include a fitness center with a cycle studio, accessory storage and 35 parking spaces, 26 of which will be situated off-site. Going forward, no new hotels can be constructed in Manhattan and the boroughs without a special permit.

The site has been excavated and the foundation is nearly complete and is nearly ready for construction to be resumed.

159 Broadway is just steps to Bedford Avenue, which is the main retail corridor in Williamsburg, as well as the Marcy Avenue subway station serviced by the M, J and Z trains, just one train stop from Manhattan.

 

Opening Bid: $28,000,000

Bid Deadline: August 2nd, 2022 at 5:00 p.m. (EST)*

Auction: August 4th, 2022 at 2:00 p.m. (EST)*

Sale Subject To Bankruptcy Court Approval Opening Bid: $28,000,000

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Location

  • City Brooklyn, NY
  • Neighborhood Williamsburg
  • Zip Code 11211

Contacts

broker

Chaya Milworn

Rosewood Realty Group

Attachments

Contact Listing Broker

broker

Chaya Milworn

Rosewood Realty Group

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