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Commercial

343 Monroe St

343 Monroe St, Brooklyn, NY 11221

Listing Price: $1,100,000

Lot Size
0.05 acres
Price/Acre
$23,958,000
Land Type
Redevelopment
Buildable Square Feet
6,000

Investment Overview

Marcus and Millichap has been retained on an exclusive basis to arrange the sale of 343 Monroe Street, located between Tompkins Avenue and Throop Avenue in the Bedford-Stuyvesant neighborhood of Brooklyn (Block: 01815 Lot: 0079). The property features 4,531 buildable square feet as-of-right based on R6A/C2-4 zoning. The lot measures 19 ft x 79.5 ft for a total of 1,510 square feet. A contiguous lot (Block-Lot: 1815-05), measuring 9.9 ft x 99 ft and consisting of the same zoning, adds another 1,470 buildable square feet to the assemblage. Combined, the properties feature 6,001 buildable square feet.

These properties are located in a rapidly developing section of Bedford-Stuyvesant, with proximity to both the Kingston-Throop Avenue C and Bedford-Nostrand Avenue G Subway Stations, providing for an easy commute to Manhattan and Downtown Brooklyn. The Tompkins Avenue corridor is going through a period of revitalization with numerous large developments recently completed and in construction. Both properties are located within an opportunity zone.

343 Monroe offers investors and developers the opportunity to purchase a prime residential development property in a neighborhood where local rents and property values have remained strong.

Investment Highlights

  • Residential Development Opportunity in Bedford-Stuyvesant
  • Total of 6,000 Buildable Square Fee
  • Located within an Opportunity Zone
  • Few Blocks from the Kingston-Avenue C and Bedford-Nostrand G Subway Stations
  • Steps from the Fulton Street Retail Corridor

Exclusively Listed By

Listing Price: $1,100,000

Lot Size
0.05 acres
Price/Acre
$23,958,000
Land Type
Redevelopment
Buildable Square Feet
6,000

Investment Highlights

  • Residential Development Opportunity in Bedford-Stuyvesant
  • Total of 6,000 Buildable Square Fee
  • Located within an Opportunity Zone
  • Few Blocks from the Kingston-Avenue C and Bedford-Nostrand G Subway Stations
  • Steps from the Fulton Street Retail Corridor

Investment Overview

Marcus and Millichap has been retained on an exclusive basis to arrange the sale of 343 Monroe Street, located between Tompkins Avenue and Throop Avenue in the Bedford-Stuyvesant neighborhood of Brooklyn (Block: 01815 Lot: 0079). The property features 4,531 buildable square feet as-of-right based on R6A/C2-4 zoning. The lot measures 19 ft x 79.5 ft for a total of 1,510 square feet. A contiguous lot (Block-Lot: 1815-05), measuring 9.9 ft x 99 ft and consisting of the same zoning, adds another 1,470 buildable square feet to the assemblage. Combined, the properties feature 6,001 buildable square feet.

These properties are located in a rapidly developing section of Bedford-Stuyvesant, with proximity to both the Kingston-Throop Avenue C and Bedford-Nostrand Avenue G Subway Stations, providing for an easy commute to Manhattan and Downtown Brooklyn. The Tompkins Avenue corridor is going through a period of revitalization with numerous large developments recently completed and in construction. Both properties are located within an opportunity zone.

343 Monroe offers investors and developers the opportunity to purchase a prime residential development property in a neighborhood where local rents and property values have remained strong.

Exclusively Listed By

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