238 Melrose St

17,556 SF 100% Leased Office Building Brooklyn, NY 11206 $7,000,000 ($399/SF)

Investment Highlights

  • Redevelopment Opportunity in Prime Bushwick
  • Vacant Mixed Use Building

Executive Summary

XRE NY has been retained on an exclusive basis to arrange the sale of 238 Melrose St in Bushwick, Brooklyn. This 4 story building is built to 17,556 square feet and will be delivered vacant. The property currently consists of a ground floor laundromat, freight elevator and artist studios occupying floors 2-4.
238 Melrose Street features a 50’ x 100’ property lot line and a 45’ x 95’ building base and the R6 Zone, allows for a redevelopment opportunity to a residential building.
Survey, floor plans, environmental report and additional pictures available upon request.

Data Room Click Here to Access

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
17,556 SF
Building Class
C
Year Built
1983
Price
$7,000,000
Price Per SF
$399
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
4,389 SF
Building FAR
3.66
Lot Size
0.11 AC
Zoning
R6 - Medium density residential district

Amenities

  • High Ceilings
  • Natural Light
Walk Score®
Walker's Paradise (94)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (89)

PROPERTY TAXES

  • Listing ID: 32785498

  • Date on Market: 8/13/2024

  • Last Updated:

  • Address: 238 Melrose St, Brooklyn, NY 11206