Brooklyn (Red Hook), NY, 11231 | $604,800

Our team has been retained on an exclusive basis to solicit the sale or lease of five large retail condos at 160 Imlay Street on the burgeoning Red Hook Waterfront. Featuring 12' to 16' ceilings throughout, stunning skyline and water views, floor-to-ceiling windows, and multiple potential configurations, these wide-open spaces range from 1, 412 to 8, 242 SF and can be bought as a package of 15, 656 SF of above-grade retail. 160 Imlay underwent a residential conversion on the third through sixth floors with all 70 residential units having sold quickly, underscoring demand for the area. With the recent announcement of the "Harbor of the Future, " a massive mixed-use development of the contiguous 122-acre Brooklyn Marine Terminal, Red Hook and 160 imlay in particular is on its way to be one of the premier destinations in New York City. There are multiple uses that would work well here depending on how much space you need, ranging from classic retail on the smaller spaces, large-scale class-based activities such as a school, yoga studio, or gym, as well as event-oriented concepts that would benefit from the open layouts and striking views. Note that the retail could also be combined with the seven office condos on the second floor that are potentially going to be converted to residential and total 20, 810 SF (36, 466 SF between both floors) as well as 21 parking spaces. Feel free to reach out with any questions, to set up a showing, or to make an offer.

Features

  • Town: Brooklyn
  • Heating: Central
  • Cooling: Central Air
  • Levels: 7
  • Rooms: 1
  • Lot Size: 0.000000x0.000000
  • Laundry: Building Washer Dryer Install Allowed
  • Year Built: 2016
  • Approx Sq. Feet: 1,512
  • Est. Taxes: $0
  • Pet Policy: Building Yes,Cats OK,Dogs OK
  • MLS#: COMP-172794720135561
  • Days on Market: 2 days
  • Website: https://www.raveis.com
    /prop/COMP-172794720135561/160imlaystreet_brooklyn_ny?source=qrflyer
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All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Compass   Phone: (212) 913-9058

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888.699.8876

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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

Brooklyn (Red Hook), NY, 11231

$604,800

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $483,840 $483,840 $483,840
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.625% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.300% 6.778% 6.034%
Monthly Tax Payment $0 $0 $0
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,138 $3,098 $4,018
Total Monthly Payment $3,230 $3,190 $4,110

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.