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PROPERTY METRICS

  • Property Size 2,500
  • Dimension 25 ft x 100 ft
  • Price 1500000
  • Property Type Development Site
  • Address 316 Stockholm Street
  • City Brooklyn
  • State NY
  • Zip 11237
  • Buildable SF 6,075

PROPERTY DETAILS

316 Stockholm Street is a residential development site between Wyckoff Avenue and Irving Avenue in the Bushwick section of Brooklyn, NY. 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/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 Ave, 455 Jefferson Street, The Rheingold and Schlitz Brewery conversion sites, and 16 Charles Place, to name a few.

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