5 Stuyvesant Avenue and 984 Broadway

Brooklyn, NY

Download Offering Memorandum

Overview

Summary

  • Total Size 18,425 SF
  • 5 Stuyvesant Asking Price ~$7,500,000 | $650/Ft
  • 984 Broadway Asking Price ~$3,400,000 | $500/Ft
  • Max Air Rights ~$3,600,000 | 23,324 @ $151/ZFA

Avison Young, as the exclusive agent, is pleased to offer for sale 5 Stuyvesant Avenue and 984 Broadway, two contiguous properties with a combined 234 feet of wraparound frontage at the intersection of Stuyvesant Avenue, Broadway, and Vernon Avenue, at the border of Bushwick and Bedford-Stuyvesant (“Bed-Stuy”), Brooklyn.

Investment Highlights

Transferable air rights from 5 Stuyvesant Avenue to 984 Broadway

45'+ ceiling heights at 5 Stuyvesant allowing for unique event space

Delivered vacant
Proximity to transportation

485X opportunity

Total ZFA inclusive of in-place buildings totals 41,749 SF

Team

Patrick Madigan

Director
Avison Young - US - NY - New York
212 729 1623

Fritz Richter

Director
Avison Young - US - NY - New York
212 735 8554

Joseph Moran

Associate Director
Avison Young - US - NY - New York
917 842 6051