A vacant lot at 219 South Third Street in Williamsburg has hit the market, and YIMBY has renderings of the building that could grow there.
TerraCRG is marketing the 25-foot-wide plot for $3,750,000. It could accommodate a building as large as 7,290 square feet, or 14,000 square feet if community facilities are included.
No building applications have been filed, but the marketing team thinks the site would be perfect for a six-story, nine-unit building with community facility space. If the buyer goes forward with those plans, the development would have the maximum 7,290 square feet of residential space and roughly 5,836 square feet of community facilities allowed by zoning.
“Community facility space in Brooklyn is in demand,” TerraCRG’s Melissa Warren said in a press release. “Medical uses and schools have been aggressively looking for space in the neighborhood and are often prepared to pay $45 a square foot for new construction, ‘vanilla box’ delivered space in Williamsburg.”
The 3,000-square-foot plot sits on a relatively well-preserved block between Roebling and Havermeyer Streets in South Williamsburg, which is lined with five- and six-story walkups from the turn of the century. The major downside of this design is that it breaks the street wall, extending further out into the sidewalk than the neighboring New Law tenements. But half the units would have private balconies, and a setback after the fifth floor creates a roof deck.
For cyclists or those who can commute on the J train, the location is ideal. The entrance to the Williamsburg Bridge bike and pedestrian path is five minutes away, and the Marcy Avenue stop on the J/M/Z is about four blocks south. The entrance to the G and L trains at Metropolitan Avenue is seven blocks away.