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- LoopNet Team
1275 Broadway
Brooklyn, NY 11221
Fully Approved Hotel Mixed-Use Development · Land For Sale · 0.26 AC
Investment Highlights
- Delivered Fully Approved for Mixed-Use Hotel
- $200/Buildable SF
PROPERTY FACTS
Property Type | Land | Total Lot Size | 0.26 AC |
Property Subtype | Residential |
Property Type | Land |
Property Subtype | Residential |
Total Lot Size | 0.26 AC |
Description
Cushman & Wakefield has been exclusively retained to arrange for the sale of 1275 Broadway in Bushwick, Brooklyn. 1275 Broadway is an existing one story retail building delivered with approved plans for a 14 story mixed use hotel and residential development. The lot equates to 11,150 SF with nearly 40 feet of frontage on Broadway and is block through to Goodwin Place for an additional 53+ feet of frontage. The building is currently vacant allowing a developer to immediately proceed with plans. 1275 Broadway sits in a C4-3 zoning area. The approved plans allow for a 35 key hotel on floors one through five and 32 rental apartments on floors six through 14. The plans also include parking for 22 cars and 20 bicycles on the lower level. The property is in a great location, one block Northwest of the J,Z subway station at Gates Avenue, and is only a 15 minute subway ride from Manhattan. The location is perfectly positioned to take advantage of Bushwick’s recent growth and development into a premier neighborhood for entertainment, dining and arts. It is surrounded by a great mix of retailers on one of Bushwick’s most active and sought after retail corridors with nearly 12,000 cars passing a day. This is an ideal opportunity to construct a mixed use hotel and residential development in a neighborhood with high demand for potential new construction residential space. Inspections are by appointment only, please inquire within.
PROPERTY TAXES
Parcel Number | 03293-0022 | Improvements Assessment | $223,200 |
Land Assessment | $376,200 | Total Assessment | $599,400 |
PROPERTY TAXES
zoning
Zoning Code | C4-3 (The C4-3 zoning district is a General Commercial Zoning District with residential and commercial uses.) |
C4-3 (The C4-3 zoning district is a General Commercial Zoning District with residential and commercial uses.) |
Learn More About Investing in Land
Listing ID: 18140294
Date on Market: 1/9/2020
Last Updated:
Address: 1275 Broadway, Brooklyn, NY 11221
The Land Property at 1275 Broadway, Brooklyn, NY 11221 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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