3021-3043 Avenue V - Storefront FOR SALE


Brooklyn, NY 11229- Sheepshead Bay
$13,500,000 USD
631-425-1232
3021-3043 Avenue V, Brooklyn, NY for Sale
$13,500,000 USD
Storefront - FOR SALE
1/6
null | Request Cap Rate

3021-3043 Avenue V
Brooklyn, NY 11229
Sheepshead Bay


HIGHLIGHTS

  • Preliminary Redevelopment Plans: Conceptual design for ±109 residential units with ground-floor retail.
  • R7D/C2-4 Development Scale: Approved rezoning allowing ±111k buildable SF, ideal for mixed-use with residential above ground-floor retail.
  • Covered-Land Cash Flow: Existing retail strip provides carry income with flexible termination rights during redevelopment planning.
  • Full Blockfront Exposure: 200’ along Avenue V with ~400’ combined frontage across three streets, enhancing visibility and future branding.

OVERVIEW

Cushman & Wakefield is pleased to exclusively present for sale, 3033 Avenue V, Brooklyn. The subject asset is a prime Sheepshead Bay development opportunity comprising a full 200’ x 100’ blockfront parcel improved with a single-story retail strip. The site benefits from recently approved rezoning to R7D/C2-4 within an Mandatory Inclusionary Housing (MIH) area and features multi-street exposure with a combined ~400 linear feet of frontage. Existing in-place retail provides covered-land cash flow offering investors and developers the ability to carry the site while preserving current income. Preliminary studies contemplate a mid-rise mixed-use program with residential over ground-floor retail and potential below-grade parking, aligning with neighborhood demand drivers along Nostrand Avenue, Avenue U, and Gerritsen Avenue.

FOR SALE DETAILS

PRICE

$13,500,000 USD

PRICE/SF

$1,080 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

R7D / C2-4

APN/PARCEL ID

07367-0036

ASK ABOUT THIS PROPERTY

Daniel AbbondandoloCushman & WakefieldMore Info
631-425-1232

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Daniel AbbondandoloCushman & WakefieldMore Info
631-425-1232

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