A 28,000-square-foot warehouse at 67 Meserole Ave changed hands for $19 million last week, with new owners filing hotel plans Monday. Greenpoint could see a new six-story hotel by summer 2026.

The industrial brick warehouse at the corner of Meserole Ave and Lorimer Street has officially changed ownership after decades under the same family. According to property records filed with the city, G.W. Realty Corp sold the 28,000-square-foot property to Meserole Hospitality LLC for $19 million on June 12. The deal marks one of Greenpoint’s largest warehouse sales of 2024, signaling continued investor interest in the neighborhood’s hotel market.

Meserole Hospitality LLC, managed by real estate developer Oren Shalev, wasted no time moving forward with redevelopment plans. On Monday, June 17, the company filed permits with the Department of Buildings to build a six-story hotel with 103 rooms at the 67 Meserole Ave site. The hotel, if approved, would top out at 68 feet and feature ground-floor retail space, according to architect-of-record Kutnicki Bernstein.

G.W. Realty Corp, a longtime landlord in North Brooklyn, first listed the warehouse for sale in September 2023 after Covet Vintage, its last major tenant, announced its departure. โ€œWe saw hotel demand rising on the Greenpoint-Williamsburg border,โ€ Shalev told NYC Pulse in a phone interview Tuesday. โ€œThe siteโ€™s proximity to McCarren Park and the G train made it a no-brainer.โ€

Construction on the new hotel is expected to begin in early 2025, pending city approvals. Meserole Hospitality LLC projects an opening in summer 2026, a timeline that would put the hotel ahead of other proposed projects nearby. The company says it aims to work with local businesses and hopes to hire from within Greenpoint and Williamsburg.

Frequently Asked Questions

Who bought 67 Meserole Ave and for how much?

Meserole Hospitality LLC purchased 67 Meserole Ave from G.W. Realty Corp for $19 million. The deal was finalized on June 12, 2024, according to city property records.

What are the hotel plans for the site?

The new owners filed plans for a six-story, 103-room hotel with ground-floor retail on June 17, 2024. The project is designed by Kutnicki Bernstein and could open by summer 2026.

Why is Greenpoint seeing more hotel development now?

Greenpoint’s proximity to Williamsburg, the G train, and McCarren Park has attracted developers as tourism and nightlife return post-pandemic. Investors see opportunity in underused industrial properties.

Frequently Asked Questions

Who bought the warehouse at 67 Meserole Ave in Greenpoint?

Meserole Hospitality LLC purchased the warehouse at 67 Meserole Ave from G.W. Realty Corp.

How much did 67 Meserole Ave sell for?

67 Meserole Ave sold for $19 million on June 12, 2024.

What are the redevelopment plans for 67 Meserole Ave?

The new owners plan to build a six-story, 103-room hotel with ground-floor retail space at 67 Meserole Ave.

When is construction expected to start and finish for the new hotel at 67 Meserole Ave?

Construction is expected to begin in early 2025, with the hotel projected to open by summer 2026.

Who is the architect for the planned hotel at 67 Meserole Ave?

The hotel is designed by Kutnicki Bernstein, who is listed as the architect-of-record in the filed plans.

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