Brooklyn, NY 11233,275 Howard Avenue
Brooklyn, NY 11233,275 Howard Avenue
Brooklyn, NY 11233,275 Howard Avenue
Brooklyn, NY 11233,275 Howard Avenue
Brooklyn, NY 11233,275 Howard Avenue
Brooklyn, NY 11233,275 Howard Avenue
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$ 3,250,000
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$ 3,250,000
Est. payment | /mo
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Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 886813

Rental Info No

Year Built 1910

Annual Tax Amount $64,000

Property Sub-Type Multi Family

Source onekey2

Property Description

Prime Development Opportunity in Bedford-Stuyvesant, Brooklyn

Location:
- Intersection of Howard Avenue and Fulton Street
- Strategically positioned corner property with immense growth and development potential

Zoning:
- Exceptional R7D zoning with C2-4 commercial overlay
- Allows for nearly 17,000 buildable square feet ****

Building Dimensions:
- 20 feet by 48 feet
- Lot size: 40 x 100 feet
- Existing structure: Walk-up apartment building with 5 families and commercial spaces

Property Features:
- Distinct Buildings on Lot:
1. 275 Howard Avenue
- 3-bedroom, 2-bath single-family home
- Wood floors, 1 kitchen, no basement

2. 271-273 Howard Avenue
- Commercial space currently used by a shipping company

3. 1986 Fulton Street
- 3 story building with commercial storefront with full basement

4. 1988 Fulton Street
- 3-story walk-up building
- Lower level: Commercial space
- Upper floors: 2 floors of SRO with 10 rooms, 2 kitchens, 2 full bathrooms, and 2 half bathrooms on each floor

Current Commercial Units:
- Three commercial units

Potential Development Opportunities:
- Condo or rental units, capitalizing on growing demand
- Expanding residential units for an increasing population
- Enhancing commercial offerings for the local community
- Exploring mixed-use developments combining retail and residential living

Market Potential:**
- Unique chance for developers to capitalize on the growing demand for residential and commercial spaces in Bedford-Stuyvesant
- Area experiencing substantial growth, ideal for innovative development projects
- 1986-88 Fulton Street and Howard Avenue serve as a gateway to future growth in a vibrant neighborhood

Investment Appeal:
- Compelling opportunity for investors and developers to impact an area poised for transformation
- Corner site is rare, making this opportunity particularly valuable
- Option for a community facility component adds further appeal
- Property will be delivered vacant

Location

State NY

County Kings (brooklyn)

Rooms

Basement Full

Interior

Heating Natural Gas

Cooling Electric

Flooring Combination

Fireplace No

Appliance Electric Oven, Gas Water Heater

Exterior

Parking Features On Street

Utilities Available Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Connected

Building

Lot Description Corner Lot, Corners Marked, Interior Lot, Near Public Transit

Story 3

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Structure Type Brick

Others

Special Listing Condition None

Listed by Coldwell Banker American Homes
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tony@notcityliving.com

Sparta & Warwick Offices

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275 Howard Avenue