411 IRVING AVE, BROOKLYN, NY 11237

Marketing description

An exceptional ground-up development opportunity located in Bushwick/Ridgewood boarderline This prime corner property offers significant potential for investors, builders, or developers looking to expand their portfolio in one of New York City’s most dynamic neighborhoods. This studio rental asking comps is between $2,500.00-$3,500.00.

The site is ideal for a residential luxury rentals or condo building consisting of 10–18 units, leveraging available air rights, special variances, and affordable housing components. Positioned at a prominent crossroads, the location ensures maximum exposure and foot traffic. The project also includes additional property and a garage, offering remarkable flexibility for innovation and growth.

The property is situated near major transportation arteries and iconic shopping destinations, providing an easy commute to Williamsburg and Manhattan. With StreetEasy identifying this area as a top location for developmental growth, this is a rare chance to invest in a thriving district known for its vibrant arts scene and renowned restaurant mecca.

If you would like additional information on the up-ground developmental renderings or discuss the specifics of this site further, please send an email to [email protected]. Ideal for any city government private contract looking to build affordable housing units, private investor or developer looking to start off with a smaller project of 10-18 units which will generate good market rents. New York City Department of Biuildings is offering developers, private investors and builders $395K for additional floors being built vertically for the Bushwick Area.

Zoning R-6 - Floors 1- 10 10 -18 Units with air-right, special variances and affordable units