Description
98-102 Bushwick Avenue is a corner mixed-use investment and development opportunity in prime Williamsburg, Brooklyn, featuring eight residential units, multiple retail storefronts, and approximately 11,312 buildable square feet under existing C4-4A/R7A-equivalent zoning. The property generates current NOI of approximately $319,581 with significant upside through rent growth, commercial repositioning, and the utilization of approximately 4,016 square feet of remaining development rights. Located steps from the Grand Street L train station and within MIH, FRESH, and Transit Zones, the asset offers investors and developers a rare combination of stable cash flow, value-add potential, and long-term redevelopment upside.
Property Details
- Commercial
Transportation
- Grand St
- Graham Av
- Montrose Av
- Lorimer St
- Morgan Av
- Metropolitan Av
The Neighborhood
Artists and creative types who were priced out of Williamsburg in the early 2000’s found their way to this ever-evolving neighborhood where they live alongside families who’ve been here for generations.
With the influx of creatives to the neighborhood came over 50 galleries, hundreds of artist studios, dive bars, a farmer’s market, trendy restaurants, yoga studios, secret warehouse raves, and clubs that draw people from both Brooklyn and Manhattan. It can easily be argued that Bushwick is the nexus of Brooklyn’s music scene. Bushwick also has some of the most amazing street art in the ... read more
For information on 100 Bushwick Avenue, #Building contact:
Licensed RE Salesperson
512-909-7314
Licensed RE Salesperson
michaelc@brickandmortar.com
512-909-7314
