1038 Jefferson Ave
Brooklyn, NY 11221
Land For Sale · 0.09 AC

Marcus & Millichap is pleased to present investors the rare opportunity to own two (2) development sites directly across the street from one another. The sites are located at 1033 Jefferson Avenue (Block: 3380: Lot: 59) and 1038 Jefferson Avenue (Block: 3387: Lot: 14) in the Bushwick section of Brooklyn, New York. 1033 Jefferson Avenue is a 20 foot by 100 foot vacant lot that has a zoning of R6, C1-3, which allows investors to take advantage of 4,400 buildable square feet (as-of-right). 1038 Jefferson Avenue is a 18 foot by 100 foot vacant lot that has a zoning of R6, C1-3, which allows investors to take advantage of 3,960 buildable square feet (as-of-right). In total, the two development sites together offer investors a rare opportunity to develop a total of 8,360 buildable square feet in one of the hottest markets in the Country. The convenience of the two sites being situated directly across the street from one another will allow investors to minimize their construction costs. Newly renovated product is selling over $640 per square foot. The two sites are located within walking distance to the J Train at the Halsey Train stop and within walking distance to popular restaurants, bars and shops.