UCC Foreclosure Sale: 200 Kent Avenue, Williamsburg

Description:

UCC FORECLOSURE SALE:

Auction Date: Friday, March 8th, 2024 at 1:30 PM


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