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PROPERTY METRICS

  • Price 1100000
  • Property Type Development
  • City Brooklyn
  • State NY
  • Zip 11221
  • Buildable SF 6000

PROPERTY DETAILS

The Nowak Group of 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.

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