Multi-Family

316 Stockholm Street

316 Stockholm St, Brooklyn, NY 11237

Listing Price: $1,750,000

Lot Size
0.06 acres
Price/Acre
$29,162,204
Land Type
Redevelopment
Buildable Square Feet
6,075

Investment Overview

Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 316 Stockholm Street, a residential development site between Wyckoff Avenue and Irving Avenue in the Bushwick section of Brooklyn, New York. The subject site is a 25 ft x 100 ft, R6 zoned lot (Block: 03259 Lot: 0022). With the current R6 zoning, the site has an FAR of 2.43 and allows for a total of 6,075 buildable square feet as-of-right. On the site sits an existing industrial building, built 24 ft x 68 ft, totaling approximately 1,632 square feet, that will be delivered vacant.

316 Stockholm Street is superbly located one block from the Dekalb Avenue "L" subway station. Investors can purchase this prime residential development site in a highly desirable neighborhood, where demand for newly constructed residential units continues to rise. The purchaser can capitalize on the proximity to public transportation, as well as the highly trafficked Wyckoff Ave Retail corridor, one of the main arteries in this burgeoning neighborhood.

Bushwick has been described as gritty, edgy, and hip. In the past decade, it has evolved from an almost exclusively industrial area into a desirable live, work and play destination. Imaginative street art and converted warehouses that are home to artist studios, large office developments, retail stores and artisanal coffee shops are the norm. Eclectic dining options, offering cuisines whose origins span the globe are abundant. An avant-garde nightlife scene thrives in clubs like performance space House of Yes and quirky bars with vintage, mismatched furnishings. Understandably and predictably, there has been a flood of both residential and commercial development in recent years, with recently completed projects such as 600 Bushwick Avenue, 455 Jefferson Street, The Rheingold and Schlitz Brewery conversion sites, and 16 Charles Place, to name a few.

Investment Highlights

  • 6,075 Buildable Square Feet As-of-Right
  • Less Than One Block from DeKalb Avenue "L" Train
  • Neighborhood Condo Units Selling Between $950-$1000 PSF

Exclusively Listed By

Listing Price: $1,750,000

Lot Size
0.06 acres
Price/Acre
$29,162,204
Land Type
Redevelopment
Buildable Square Feet
6,075

Investment Highlights

  • 6,075 Buildable Square Feet As-of-Right
  • Less Than One Block from DeKalb Avenue "L" Train
  • Neighborhood Condo Units Selling Between $950-$1000 PSF

Investment Overview

Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 316 Stockholm Street, a residential development site between Wyckoff Avenue and Irving Avenue in the Bushwick section of Brooklyn, New York. The subject site is a 25 ft x 100 ft, R6 zoned lot (Block: 03259 Lot: 0022). With the current R6 zoning, the site has an FAR of 2.43 and allows for a total of 6,075 buildable square feet as-of-right. On the site sits an existing industrial building, built 24 ft x 68 ft, totaling approximately 1,632 square feet, that will be delivered vacant.

316 Stockholm Street is superbly located one block from the Dekalb Avenue "L" subway station. Investors can purchase this prime residential development site in a highly desirable neighborhood, where demand for newly constructed residential units continues to rise. The purchaser can capitalize on the proximity to public transportation, as well as the highly trafficked Wyckoff Ave Retail corridor, one of the main arteries in this burgeoning neighborhood.

Bushwick has been described as gritty, edgy, and hip. In the past decade, it has evolved from an almost exclusively industrial area into a desirable live, work and play destination. Imaginative street art and converted warehouses that are home to artist studios, large office developments, retail stores and artisanal coffee shops are the norm. Eclectic dining options, offering cuisines whose origins span the globe are abundant. An avant-garde nightlife scene thrives in clubs like performance space House of Yes and quirky bars with vintage, mismatched furnishings. Understandably and predictably, there has been a flood of both residential and commercial development in recent years, with recently completed projects such as 600 Bushwick Avenue, 455 Jefferson Street, The Rheingold and Schlitz Brewery conversion sites, and 16 Charles Place, to name a few.

Exclusively Listed By

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