FORMER FIREHOUSE FOR SALE - 25’ WIDE WITH CURB CUT IN DOWNTOWN BROOKLYN EXCELLENT DEVELOPMENT/USER OPPORTUNITY We have been exclusively retained to facilitate the sale of the property located at 183 Concord Street. Spanning a depth of 94', the building offers a total area of approximately 4, 981 square feet, with an additional 3, 519 square feet of buildable space (subject to independent verification) as of right. This property, which can be delivered vacant, lends itself to various potential uses, including but not limited to high-end retail, a boutique corporate headquarters, mixed-use occupancy with income generation, an art gallery and studio, a foundation headquarters, private parking facilities, or institutional purposes. It also offers compelling development prospects under its current zoning designation of C4-3 with an R6-B overlay, providing versatility and room for future expansion. Several new residential buildings within a few blocks offer growing foot traffic. Positioned at the intersection of the dynamic Dumbo Design District, Vinegar Hill, the Brooklyn Navy Yard, and Fort Greene, this 25'-wide live/work building enjoys a strategic location. Originally constructed in 1874 as the residence of Ladder 103 of the Brooklyn Fire Company, this historic building features a versatile configuration and a sought-after curb cut. The ground floor houses a spacious warehouse with impressive 13. 5' high ceilings, a private office, a half bathroom, an indoor loading dock, and an automatic garage door. Additionally, there is a storage basement. The second floor consists of two well-lit and distinct loft spaces, currently utilized as office and creative workspaces. These lofts showcase original architectural details, including exposed brick and pressed tin ceilings. Notably, one of the lofts boasts a substantial skylight that bathes the center of the space in natural light. Residents and businesses will appreciate the property's proximity to notable attractions such as Fort Greene Park, the Brooklyn Heights Promenade, and lesser-known gems including the Concord Street Community Garden, McLaughlin Park and Golconda Playground and Skate Park, as well as Wegmans supermarket, DeKalb Market Hall and Trader Joes, all reachable within minutes. With a convenient curb cut, this adaptable live/work building presents endless possibilities. Convenient to the A/C/F/R/2/3/Q trains, the B57 bus, and the Brooklyn-Queens Expressway.
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,800,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $3,040,000 | $3,040,000 | $3,040,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.375% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.486% | 6.307% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $17,741 | $18,966 | $25,859 |
Total Monthly Payment | $17,866 | $19,091 | $25,984 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.