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.