50 Orange Street

Brooklyn, NY

For Sale

$18,750,000

OVERVIEW

LOCATION:
50 Orange Street, Brooklyn, NY 11201

Neighborhood: Brooklyn Heights

Asset Type: Multifamily

Square Feet: 14,850

Stories: 5

Residential Units: 20

 

Description

Besen & Associates, as exclusive agent for Ownership, is pleased to offer for sale 50 Orange Street (the “Property”), a pristine 5-story, 20-unit elevator building plus a finished cellar.  This 14,850± SF residential property is located in historic Brooklyn Heights, Brooklyn’s premiere and most desirable neighborhood. The building is situated on a parcel measuring 27’ x 100’ with frontage along Orange Street and Hicks Street. The thoughtfully designed units are representative of the building’s character while incorporating modern sensibilities for today’s living.

 

Built in the early 1900’s and renovated substantially from top to bottom by ownership, this redeveloped building features 20 luxurious apartments, over-sized bay windows, a new fitness center, a rooftop deck, smartphone intercom, a new laundry room, storage units, two bike storage rooms and a golf room with a putting green. The building mechanicals have been restored and replaced over the course of the current owner’s tenure. The façade and all structural and mechanical elements of the property are in excellent condition. Its grand exterior stands out amongst the surrounding brownstones and the neighborhood’s historic charm, giving residents a one-of-a kind building to call home.

 

The Property was at one time owned by the Watchtower Bible Society, which established roots in the Brooklyn Heights neighborhood in 1909. This religious organization acquired a substantial real estate portfolio in Brooklyn Heights and is known for their meticulous upkeep of their properties.

 

  • Prime Brooklyn Heights location in the heart of the Historic District with tree-lined streets and surrounding brownstones

  • Three blocks from the Riverside Promenade, Brooklyn Bridge Park, Pier 1 Playground, Pier 2 Roller Rink which all offer phenomenal views of lower Manhattan

  • Accessibility to all of Montague Street’s premiere restaurants,  bars, groceries, health & fitness, coffee shops, local retail, pet stores and amenities

  • 100’ feet of frontage along Orange Street

 

Nearby Transportation

  • Steps from the [A,C]  High Street-Brooklyn Bridge subway station and the [2,3]  Clark Street subway station

  • Easy access to I-278 (Brooklyn-Queens Expressway), Brooklyn Battery Tunnel, the Brooklyn Bridge and the Manhattan Bridge

  • 15 minutes to the Financial District, Lower Manhattan and the East Side