This Land Property is no longer advertised on LoopNet.com.

517-523 Nostrand Ave
Brooklyn, NY 11216
Land For Sale · 0.18 AC

Investment Highlights

  • Prime Mixed-Use or Hotel Development Opportunity in Bedford-Stuyvesant
  • Total of 32,550 Buildable SF
  • Approved 421A- Tax Abatement
  • 177.5 Feet of Combined Frontage Along Nostrand Ave. & Herkimer St.
  • FAR OF 4.2 As-Of-Right; FAR 5.6 for Inclusionary Housing
  • Clean Environmental

Property Facts

Property Type Land
Property Subtype Commercial
Proposed Use
Mixed Use
  • Hotel
Total Lot Size 0.18 AC
Zoning C4-5D - a contextual commercial zoning district that allows for a mix of commercial, community facility, and residential uses, typically within a medium-densi

Description

517-23 Nostrand Ave. offers investors & developers the opportunity to purchase a prime corner development property on the Nostrand Ave. retail corridor. The purchaser can capitalize on this property's 177.5' of total frontage. The property is currently configured as 4 vacant lots & is a great site for a hotel or mixed-use development. It is attractively located on the corner of Nostrand & Herkimer St. in the highly desirable neighborhood of Bedford-Stuyvesant, Brooklyn, steps away from both the Nostrand Avenue "A & C" Subway Station- boasting 5.6B riders annually.

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 01867-0018
  • 01867-0016
  • 01867-0017
  • 01867-0015
Land Assessment
$805,950
Improvements Assessment
$0
Total Assessment
$805,950
  • Listing ID: 36026464

  • Date on Market: 5/29/2025

  • Last Updated:

  • Address: 517-523 Nostrand Ave, Brooklyn, NY 11216

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