The development will afford impressive unobstructed views in almost every direction. "A Williamsburg site of this scale is a rare offering, as only the Domino Sugar site has recently surpassed it," said James Nelson, Vice Chairman at Cushman & Wakefield, who is exclusively marketing the site alongside Director, Brendan Maddigan. "This neighborhood will soon rival North Williamsburg in development activity. Nearby, the price paid by the buyers of completed residential condo units have achieved around $1,300 per square foot and rentals have reached over $7,000 per month," said Maddigan.
Surrounding new residential and retail developments include 15 Dunham Place, 420 Kent Avenue, and 500 Metropolitan Avenue. The proximity to the J, M, and Z train station at Marcy Avenue, Interstate-278 (BQE), and the Williamsburg Bridge allows for quick access into Manhattan.
The properties will be marketed in a competitive bidding process, subject to a reserve price set by the Bank.
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