227 Leonard St #1, Brooklyn, NY 11211

Mixed use asset with Development potential, steps from the Lorimer L train! This property presents end users as well as investors and developers with a remarkable opportunity to create a unique live/work residence or mixed-use, multi-unit development in one of Williamsburg's most sought after neighborhoods. Currently 227 Leonard is a 1 family (2 bedroom apt. with a private terrace) over a large warehouse/garage. The ground floor, which is currently occupied by a contemporary art gallery, boasts 15 foot ceilings and occupies the entire 1250 sf lot. The lot has 25ft of street frontage and is 50ft deep. The building will be delivered vacant. The existing 2 floor structure has an additional 2,500 buildable square feet, adding up to a maximum total floor area of 5,000 sf. A potential buyer could renovate and extend the existing structure or completely develop the site to create a mixed-use, multi-unit structure with commanding panoramic views of both Brooklyn as well as the Manhattan skyline. The existing owner has done much of the required due diligence for a potential development of the site. These surveys can be provided upon request. The property is located steps from the L train Lorimer stop and a short walk to the JMZ.