UCC Foreclosure Sale: 200 Kent Avenue

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Address: 200 Kent Ave, Brooklyn, NY 11249, USA
Created date: December 7, 2023
Date last updated: January 2, 2024

UCC Foreclosure Sale:

Bid Deadline: February 16, 2024 at 3:30pm

Auction Date:  February 21, 2024 at 3:30pm

Property Description

COLLATERAL SNAPSHOT • 135,611 SF Class-A mixed-use, “The TRADER JOE’S Building” • Comprising an entire city block | 626’ of total frontage • Recently constructed | 83’ tall | multi-level retail, office, and parking garage • Floor to ceiling windows, 3rd floor outdoor terrace, and sprawling roof deck with sweeping views of the Manhattan and Brooklyn skylines • Potential to utilize upper floors for a high-end restaurant, social club, or nightlife/event space with outdoor areas • Retail space leased to Trader Joe’s through November 2034 • Proposed rezoning plan will allow for the 2nd floor parking to be used as a full floor community facility space • Additional income from oversized billboard SPACE BREAKDOWN (gross): • 22,585 SF: Sub-Cellar (Trader Joe’s) • 22,585 SF: Cellar (40 Parking) • 22,188 SF: Ground Floor Retail • 22,585 SF: 2nd Floor (146 Parking) • 5,069 SF: 3rd Floor Retail • 14,735 SF: 3rd Floor Outdoor Space • 12,932 SF: 4th Floor Office Space • 12,932 SF: 5th Floor Office Space • 6,000 SF (approx.): Rooftop Terrace AREA DETAILS: • Rare opportunity to own a piece of Prime Williamsburg Waterfront which is in the midst of a $3 billion redevelopment. The Domino Sugar Refinery and other planned developments call for over 5,000 units and 800,000 square feet of waterfront parks, a beach, amphitheater, mini golf, boating cove, community, and commercial space • Short walk to North Williamsburg ferry terminal (1.6M annual riders) • Close proximity to Bedford L train station which hosts 10M annual riders, the Brooklyn Queens Expressway / i278, and the Williamsburg Bridge

Key Property Information

Listing Status: Available
Listing Type: Auction
Multifamily type: Mixed-Use
Average Occupancy: 42
Year Built: 2020
Building Size: 135,611 Sq ft
Lot Size: 22,640.00 Sq ft
No. of Stories: 5
Zoning Code: M3-1
Opportunity Zone: No
Address: 200 Kent Ave, Brooklyn, NY 11249, USA

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