UCC Foreclosure Sale: 200 Kent Avenue Listing Details & Market Data

 UCC Foreclosure Sale:

Auction Date: Friday, March 8^th, 2024 at 1:30 PM

COLLATERAL SNAPSHOT

• 135,611 SF Class-A mixed-use, “The TRADER JOE’S Building”

• Comprising an entire city block | 626’ of total frontage

• Recently constructed | 83’ tall | multi-level retail, office, and parking garage

• Floor to ceiling windows, 3rd floor outdoor terrace, and sprawling roof deck with sweeping views of the Manhattan and Brooklyn skylines

• Potential to utilize upper floors for a high-end restaurant, social club, or nightlife/ event space with outdoor areas

• Retail space leased to Trader Joe’s through November 2034

• Proposed rezoning plan will allow for the 2nd floor parking to be used as a full floor community facility space

• Additional income from oversized billboard

SPACE BREAKDOWN (gross):

• 22,585 SF: Sub-Cellar (Trader Joe’s)

• 22,585 SF: Cellar (40 Parking) • 22,188 SF: Ground Floor Retail

• 22,585 SF: 2nd Floor (146 Parking) • 5,069 SF: 3rd Floor Retail

• 14,735 SF: 3rd Floor Outdoor Space • 12,932 SF: 4th Floor Office Space

• 12,932 SF: 5th Floor Office Space • 6,000 SF (approx.): Rooftop Terrace

AREA DETAILS:

• Rare opportunity to own a piece of Prime Williamsburg Waterfront which is in the midst of a $3 billion redevelopment. The Domino Sugar Refinery and other planned developments call for over 5,000 units and 800,000 square feet of waterfront parks, a beach, amphitheater, mini golf, boating cove, community and commercial space

• Short walk to North Williamsburg ferry terminal (1.6M annual riders)

• Close proximity to Bedford L train station which hosts 10M annual riders, the Brooklyn Queens Expressway / i278, and the Williamsburg Bridge