562 Irving Ave, Brooklyn, NY 11237

Prime Bushwick Condo Development Opportunity

Discover a rare opportunity in one of Brooklyn’s fastest‑evolving neighborhoods. Situated just east of Myrtle Avenue, this site offers both a compelling canvas and strategic vantage:

• In the heart of Bushwick’s renaissance, where streets pulse with creative energy—coffee roasters, art studios, boutique fitness, and independent galleries.

• Transit‑connected: A short walk to the Myrtle‑Wyckoff L/M station, with seamless access to Williamsburg, Ridgewood, and Manhattan. A commuter’s dream.

• Strong condo fundamentals: East Bushwick closed condos at approximately $922 per sq ft median, with market activity ranging from $900 to $1,000+ per sq ft, driven by quality, modern design.

• Targeted for upward demand: Young professionals and families are gravitating toward condo‑style living east of Myrtle—home to essential retail, fresh food markets, and community amenities.

• Efficient zoning for developer returns: The right‐sized condo project can benefit from competitive absorption rates and rental-to-condo conversion growth that's outpacing many peer neighborhoods.