The Johnson Varick Portfolio
512 Johnson Avenue
East Williamsburg
Closed 09/13/2019 at
$21,000,000
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718-768-6888
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Overview
TerraCRG has been retained to exclusively represent ownership in the sale of two commercially-zoned properties at 512 Johnson and 498 Johnson Avenue in East Williamsburg, Brooklyn.
The Johnson Varick Portfolio includes two assets that represent 55,000 lot SF. The sites are located within the North Brooklyn Rezoning Proposal and more specifically within the Growth District. The combined proposed FAR would allow for 275,000 ZFA in an energetic area known for trendy office spaces, creative hubs, industrial manufacturing and entertainment/media production. The properties are also located near the BQE allowing for easy distribution to Queens, Manhattan and the rest of Brooklyn.
Attractions
The Johnson Varick Portfolio is conveniently located by both the Morgan Avenue and Jefferson Street L subway stations and are near some of the neighborhoods most popular bars, restaurants, and boutique shopping. Prevalent spots in the vicinity include House of Yes, Roberta’s Pizza, Brooklyn Steel, Brooklyn’s Natural, The Bushwick Collective, as well as Brooklyn Boulders coming to the area.