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Massey Knakal Realty Services has been retained on an exclusive basis to sell or lease a development site at 70 Henry Street. The property is located on the corner of Orange and Henry Streets in Brooklyn Heights.   The property is available for sale with an asking price of $7,500,000 or for lease.

The site currently consists of a single-story, approximately 4,163 square foot building occupied by Brooklyn Heights Cinema, the oldest and longest running independently owned and operated cinema remaining in New York City.  It contains plans for the redevelopment of the commercial space as well as for the development of the residential development rights of over 10,000 square feet.  The current tenant has a month-to-month lease, and the site may be delivered vacant.

This offering presents a unique opportunity to own and/or operate a prime corner commercial property in the heart of Brooklyn Heights or to develop residential condominium units in a thriving market.

“The corner of Henry Street and Orange Street is so perfectly quaint that it is reminiscent of Paris. If condos were to be development at this location, it would not be surprising if they broke historical records for price per foot in Brooklyn,” said Massey Knakal’s Stephen P. Palmese, who is exclusively marketing this property.

Click here for listing details

Neighborhoods: Brooklyn Heights/ Agents: Stephen Palmese