1395-1407 Myrtle Avenue, Brooklyn, NY 11221

Bushwick, Brooklyn, New York 11237

$11,950,000  

Listing ID Number

24523

Property Description

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 1395-1407 Myrtle Avenue, a mixed-use development site located in the North Bushwick neighborhood of Brooklyn. 

• Subject Property is a mixed-use development site located on the north side of Myrtle Avenue between Knickerbocker Avenue and Wilson Avenue, running block-through to Himrod Street.
• Site allows for 49,962 BSF of mixed-use development rights. The CF bonus would add another 29,980 BSF, increasing the total BSF to 74,942 BSF.
• Excellent retail frontage with 150’ on Myrtle Avenue as well as 50’ of frontage on Himrod Street.
• Located within a block from the train at Knickerbocker Avenue station, offering convenient access to Williamsburg and Manhattan within 20 minutes.

Overview

Building Type:Development/Conversion Sites
Location:Located on the north side of Myrtle Avenue between Himrod and Harman Streets.
Block/Lot:3278/2, 4, 5, , 7, 16, & 103
Lot Dimensions:150' x 142'
Lot Sq Ft:15,613
Buildable Sq. Ft:34,349 / 49,962 / 74,942
Residential / Mixed-Use / CF Bonus
Zoning:R6 / C2-3
FAR:2.2 / 3.2 / 4.8
Residential / Mixed-Use / CF Bonus
Taxes:$37,195

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

DJ Johnston
Director
(718) 307 6515
dj.johnston@cushwake.com

Bryan Kirk
Associate
(718) 307 6516
bryan.kirk@cushwake.com

William Cheng
Director
(718) 606 7037
william.cheng@cushwake.com

Joshua Sabzevari
Associate
(718) 307 6521
joshua.sabzevari@cushwake.com


Property Images

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Property Map


Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.