Williamsburg loft building with expansion potential hits the market for $52M

Building stands three stories tall and spans 57K sf

New York /
Mar.March 09, 2018 04:05 PM

151 Kent Avenue

A fully-leased building in the heart of Williamsburg is on the market for $52 million.

The three-story property at 151 Kent Avenue spans 56,550 square feet and contains 46 units, according to Crain’s. Cushman & Wakefield  is marketing the property.

The building used to be a factory, but artists converted it into lofts in the late 1990s as Williamsburg began its transformation into the hipster capital of the world. Part of the property was recently leased to the co-living company Pure House, but the firm is no longer active at the site.

It is not immediately clear who the seller is.

The building has a basement and 34,000 square feet of air rights, so the buyer could opt to expand it. It has 200 feet along Kent Avenue as well that could be used for retail. [Crain’s]Eddie Small


Related Articles

arrow_forward_ios
Central Queens Academy's Ashish Kapadia and United's Chris Jiashu Xu with a rendering of 88-08 Justice Avenue (Linkedin, iStock)
Charter school takes 85K sf in Queens condo building
Charter school takes 85K sf in Queens condo building
(IStock illustration by Kevin Rebong)
Smaller cities look to cash in on shift to remote work
Smaller cities look to cash in on shift to remote work
421-427 East 14th Street (Google Maps, iStock)
Stuy Town to get new 17K sf grocery store
Stuy Town to get new 17K sf grocery store
Photo illustration of Mayor Bill de Blasio as Uncle Sam (iStock, Getty/Illustration by Kevin Rebong)
NYC has $1.3B in unpaid property taxes
NYC has $1.3B in unpaid property taxes
Photo illustration of RXR Realty CEO Scott Rechler (Getty, iStock)
Office landlords offer no-wait Covid tests to lure workers back
Office landlords offer no-wait Covid tests to lure workers back
(iStock/Illustration by Alexis Manrodt for The Real Deal)
Manhattan job losses in Q3 worst of any large county in the US
Manhattan job losses in Q3 worst of any large county in the US
Rudin Management's Bill Rudin, 1675 Broadway and Gannett CEO Mike Reed (Getty, Google Maps, Gannett)
Gannett to move its NYC office two blocks north
Gannett to move its NYC office two blocks north
A rendering of the facility at 1029 Newark Avenue in Elizabeth, Fidelco chairman Marc Berson and Elberon Development Group chairman Ann Evans Estabrook (Photos via JLL, Fidelco and Elberon)
Cold storage facility in New Jersey gets $34M loan
Cold storage facility in New Jersey gets $34M loan
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...