159 Broadway, Brooklyn, NY

40.7102696
-73.9627304

159 Broadway is a 130,154 BSF shovel ready development site located on the north side of Broadway,between Driggs and Bedford Avenue in prime Williamsburg. The approved plans call for a 26-storymixed-use building which will be comprised of a 235 key hotel on floors 2-16, and 21 residentialcondominiums on floors 20-25. The hotel will feature a restaurant, two bars and a pool with a poolterrace. Amenities will include a fitness center with a cycle studio, accessory storage and 35 parkingspaces, 26 of which will be situated off-site.Currently, the site is in the early stages of excavation and construction, with underpinning to theadjacent building to the west and the adjacent landmarked building to the east. With the foundationalready poured in, the site is ready for immediate construction. In addition, 159 Broadway is locatedin an opportunity zone.159 Broadway is just steps to Bedford Avenue, which is the main retail corridor in Williamsburg, aswell as the Marcy Avenue subway station serviced by the M, J and Z trains, just one train stop fromManhattan.

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YEAR

2022

DATE CLOSED

11/14/2022

PRICE

$27,500,000

UNITS

BUILDINGS

STATE

NY

CITY

Brooklyn

SUBMARKET

Williamsburg

NEIGHBORHOOD

PROPERTY TYPE

Development Site

DIVISION

Bankruptcy

TAX CLASS

ACRES

TOTAL SQUARE FEEET

BROKERS

Greg Corbin

Greg@rosewoodrg.com

(212) 359-9904