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1165 Broadway 0.36 Acres of Residential Land Offered at $17,000,000 in Brooklyn, NY 11221
INVESTMENT HIGHLIGHTS
- Mixed Use Redevelopment
- Potential Cash flow during redevelopment
- 421a Tax abatement in place
- 103,000 +/- SF (Gross buildable)
- Corner site
- Foot of MTA station
EXECUTIVE SUMMARY
Exceptional mixed-use development opportunity in the heart of Bushwick. Preliminary plans envision a balanced blend of commercial, community facility, and residential use.
• Zoning allows for approx. 88,500 SF of total gross buildable area (preliminary architectural plans available upon request).
• 421-a tax abatement in place, offering long-term tax benefits to the future developer.
• Excellent location with strong residential and retail demand, making this an ideal site for a mixed-use or residential project.
• Corner lot provides superior light, air, and design potential.
This offering presents a rare opportunity to acquire a fully entitled development site with an existing income stream and a clear path to construction.
PROPERTY FACTS
| Price | $17,000,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Condition | Redevelopment Project | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.36 AC |
| Zoning | R6- - C1-3 | ||
| Price | $17,000,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 0.36 AC |
| Zoning | R6- - C1-3 |
1 LOT AVAILABLE
Lot
| Price | $17,000,000 | Lot Size | 0.36 AC |
| Price Per AC | $47,469,193.89 |
| Price | $17,000,000 |
| Price Per AC | $47,469,193.89 |
| Lot Size | 0.36 AC |
Development Opportunity - Prime corner property in the heart of Bushwick
DESCRIPTION
Development Opportunity – 1165 Broadway, Bushwick, Brooklyn, NY Exceptional mixed-use development opportunity in the heart of Bushwick. Preliminary plans envision a balanced blend of commercial, community facility, and residential use. • Zoning allows for approx. 103,675 SF of total gross buildable area (preliminary architectural plans available upon request). • 421-a tax abatement in place, offering long-term tax benefits to the future developer. • Excellent location with strong residential and retail demand, making this an ideal site for a mixed-use or residential project. • Corner lot provides superior light, air, and design potential. This offering presents a rare opportunity to acquire a fully entitled development site with an existing income stream and a clear path to construction.
Presented by
1165 Broadway
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