172-180 St Nicholas Ave - Specialty FOR SALE


Brooklyn, NY 11237- Bushwick
$4,000,000 USD
212-736-6777
172-180 St Nicholas Ave, Brooklyn, NY for Sale
$4,000,000 USD
Specialty - FOR SALE
1/7
null | Request Cap Rate

NEW


172-180 St Nicholas Ave
Brooklyn, NY 11237
Bushwick


HIGHLIGHTS

  • Vacant Possession
  • Desirable Redevelopment Opportunity
  • Prominent Corner Position
  • Charming & Popular Residential Market
  • Excellent Transportation
  • Condo Buy Back

OVERVIEW

Denham Wolf Real Estate Services, as exclusive agent, is pleased to present the opportunity to purchase a corner development site in one of Brooklyn's most desirable emerging neighborhoods. The property presents a prime opportunity for a developer to create a residential or mixed-use scheme or for an owner-user to either utilize the existing residential/community facility buildings or create their own bespoke facility. 172-180 St Nicholas Avenue (including 399a Himrod Street), just steps away from the Dekalb Avenue L train, is located in the heart of Bushwick. The property is a short distance from Maria Hernandez Park and three blocks from Knickerbocker Avenue, the main commercial and social center of this trendy neighborhood. The subway provides quick and direct access to Manhattan and the rest of Brooklyn. The existing buildings total approximately 11,300 SF with the ability to mass 19,800 SF of residential or 43,200 SF of mixed use/community facility on the lot. Ownership encourages proposals that include the option for Seller to buy-back a 5,000 SF, white-box community facility within a new building developed by purchaser.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$354 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Bushwick Abbey

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

-

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,000 SF

ZONING

R6

APN/PARCEL ID

03271-0030

ASK ABOUT THIS PROPERTY

Christopher TurnerDenham Wolf Real Estate Services, Inc.More Info
212-736-6777

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Christopher TurnerDenham Wolf Real Estate Services, Inc.More Info
212-736-6777

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.