Investment Overview

This is a shovel ready 25 x 100 development site, located in prime Bushwick. This vacant lot is eligible for a 421a Tax Abatement. The footing is currently in the ground and all necessary approvals are in place to secure the 421a, 35-Year Tax Abatement. In addition, this vacant parcel comes with a full set of DOB approved plans, for a 7-unit condo building. The projected condo sellout on this project is $5.1M+. Seller financing is available upon request. The site upon completion will offer views of Maria Hernandez Park and the Manhattan Skyline on the upper floors of the new building. This location offers proximity to East Williamsburg and the Jefferson Street Pocket. It is also about a 5-minute walk to the Dekalb L station. Please make contact to review all related due diligence items.