search

The Real Deal Logo

Trending

“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment deal“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment dealLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aCity Council approves zoning change to greenlight casinosCity Council approves zoning change to greenlight casinosVictor Sigoura picks up site of failed West Chelsea condo for $87MVictor Sigoura picks up site of failed West Chelsea condo for $87M
New York

A rare waterfront lot hits the market in Williamsburg

But until zoning changes, don’t expect to build luxury condos

500 Kent Avenue
500 Kent Avenue

Williamsburg isn’t known for its wide open spaces. But a rare 2.5-acre swath just south of the Williamsburg Bridge has hit the market.

Con Edison is unloading a waterfront property at 500 Kent Avenue, near the East River Ferry stop, the Brooklyn Navy Yard, the Brooklyn Tech Triangle and the forthcoming Brooklyn-Queens Connector, according to DNAinfo.

Sign Up for the undefined Newsletter

It sounds like a developer’s dream, but there is a catch. The site is currently zoned for manufacturing, although the buyer could also build offices or another commercial space without further rezoning, Cushman and Wakefield, which is handling the sale, noted.

The asking price was not listed. [DNAinfo] –Christopher Cameron