238 Melrose St
Brooklyn, NY 11206
Office Property For Sale

Ideal Properties Group’s Commercial Division has been retained exclusively to market the commercial property 238 Melrose Street. Located in a vibrant area of Bushwick neighborhood in close proximity to Flushing Avenue bordering East Williamsburg. This four-level brick-frame building has an estimated 5,000 SF per floor with tall ceilings and windows all around on the upper levels. The building has a freight elevator , common areas, and amenities, and legal loft studios on the upper levels catering to the large creative community in Bushwick, ensuring minimal vacancies. 238 Melrose Street features a 50’ x 100’ property lot line and a 45’ x 95’ building base and the R6 Zone, allows for a great redevelopment opportunity to a residential building or mixed-use building. Residental price per square foot for loft apartments in the area are $50 - $60 PSF depending on the design and amenities being provided. Bushwick is a dynamic neighborhood filled with many creative and residential lofts that have been converted from previous industrial buildings. The many restaurants, cafes, bars, book stores, thrift shops, art galleries, local retail stores and the many artist murals covering many of the neighborhood’s buildings facades narrating Brooklyn history and culture making Bushwick a most desired destination for locals and tourists from around the world. Bushwick affords easy and direct connectivity by way of the L, J, M, and Z subway lines to Manhattan, Queens and beyond.