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Conversion/User Opportunity 40 Greene Ave 12,500 SF 100% Leased Retail Building Brooklyn, NY 11238 For Sale
Investment Highlights
- Rare opportunity to acquire a vacant, historic landmarked shell with soaring ceiling heights and massive volume in the heart of Fort Greene.
- Ideal owner-use facility for theatre, educational, artistic, medical, non-profit or institutional organizations.
- Abundant Transportation Options.
- Large footprint and flexible layout, making it an ideal candidate for residential rental or condominium conversion.
- Steps away from prominent cultural and community destinations, including Brooklyn Academy of Music (BAM), Fort Greene Park, and the Pratt Institute.
- Delivered Vacant.
Executive Summary
375 Stuyvesant Avenue offers a rare ownership opportunity in the heart of Brooklyn’s Stuyvesant Heights Historic District. This 12,536-square-foot Neo-Italian Renaissance mansion occupies a 10,000-square-foot corner lot and stands as one of only eight free-standing structures in this landmarked neighborhood. Delivered vacant and featuring three stories plus a cellar, the property boasts a flexible layout perfectly suited for single-family use, boutique residential conversion, or institutional adaptation. Its historic design includes original architectural details such as handcrafted timber railings, ornate fireplaces, and a monumental staircase. Zoning (R6B) and a generous footprint allow for multiple configuration options, including redevelopment potential for luxury townhomes or a boutique condominium offering. Steps from major cultural and educational institutions, parks, and robust transit connections, 375 Stuyvesant Avenue combines historic character with modern adaptive-use possibilities, positioning it as a compelling investment in one of Brooklyn’s most sought-after residential markets.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Movie Theater
Building Size
12,500 SF
Building Class
B
Year Built
1864
Percent Leased
100%
Building Height
3 Stories
Building FAR
2.39
Lot Size
0.12 AC
Zoning
R6B - Medium density residential district
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01957-0028 | Improvements Assessment | $82,800 |
| Land Assessment | $75,150 | Total Assessment | $157,950 |
Property Taxes
Parcel Number
01957-0028
Land Assessment
$75,150
Improvements Assessment
$82,800
Total Assessment
$157,950
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Conversion/User Opportunity | 40 Greene Ave
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