159 Broadway,
Brooklyn, NY

159 Broadway, Brooklyn NY, as a Joint Venture, Recapitalization, or Sale opportunity. This is an unmatched occasion to develop what is potentially North Brooklyn’s best development site. 159 Broadway, located in an opportunity zone, is a 130,154 BSF shovel ready site located on the north side of Broadway, between Driggs and Bedford Avenue in prime Williamsburg. The approved plans call for a 277 foot tall, 26-story mixed-use building which will be comprised of a 230 key hotel on floors 2-16, and 21 residential condominiums on floors 20-25. The hotel will feature a restaurant, two bars and a rooftop terrace with pool with an 18’ cantilever over the building. Amenities will include a fitness center with a cycle studio, accessory storage and 35 parking spaces, 26 of which will be situated off-site. Going forward, no new hotels can be constructed in Manhattan and the boroughs without a special permit. Currently, the site is in the early stages of excavation and construction, with underpinning to the adjacent building to the west and the adjacent landmarked building to the east. With the foundation already poured in, the site is ready for immediate construction. In addition, 159 Broadway is located in an opportunity zone.

Property Snapshot

• PROPERTY ADDRESS 159 Broadway Brooklyn, NY 11211
• PROPERTY TYPE Development site for a proposed mixed-use hotel / residential condominium property
• PARCEL NUMBER Parcel ID 3-2457-34 or Brooklyn Block 2457, Lot 34
• Air rights above the adjacent Lot 39 are identified as Lot 9039
• PARCEL SIZE 9,262 Sq. Ft.
• FRONTAGE 108 feet of frontage on Broadway
• SQUARE FOOTAGE 130,154 Sq. Ft.
• HOTEL UNITS (PROPOSED) 235 guestrooms (2nd floor – 16th floor) | 87,818 Sq. Ft.
• RESIDENTIAL UNITS (PROPOSED) 21 residential condominium units
• (20th floor – 25th floor) | 25,286 Sq. Ft.
• NUMBER OF STORIES 26
• OPPORTUNITY ZONE Yes
• ZONING C4-3 (COMMERCIAL)