The Real Deal New York

Red Hook site on the block for $15M

December 02, 2011 03:53PM

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A whole block development site at 110 Beard Street in Red Hook, Brooklyn is on the block, Brownstoner reported. The listing, which will be handled by Massey Knakal Realty Services, has an asking price of $14.95 million.

The current owner is Beard Street Acquisition LLC, which purchased the property for $11.6 million in 2008, according to city records.

The 193,800 square feet of buildable space is zoned for hotel, retail, commercial or industrial development, the listing brokers said.

According to Massey Knakal’s website, the site offers 69,900 square feet of warehouse space, 30,000 square feet of parking, 20,000 square feet of refrigerated warehouse space and a 20,000-square-foot freezer.

The property is across the street from land yet-to-be-touched by developer Joseph Sitt, Brownstoner said, and not far from IKEA and Fairway market, anchors for the up-and-coming neighborhood. [Brownstoner]

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