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Type:
Multifamily
Sq Ft:
3,300
Units:
Property Description
Investment Property Realty Group (IPRG) has been exclusively retained to sell 289 Stanhope Street. The subject property is located between Irving Avenue and Wyckoff Avenue in Bushwick, Brooklyn.
The 5 family, free market building is built 20 ft x 55 ft, offering approximately 3,300 square feet total. The lot, which measures 25 ft x 100ft, is zoned R6. There are an additional 2,200 in air rights for future development potential. The rents are all under market which leaves tremendous value-add upside.
The property is located within walking distance to the L subway line. This is one of the most desirable locations in Bushwick with several new developments, Maria Hernandez Park and strong retail along Wyckoff and Knickerbocker Avenue within short walking distance.
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Block & Lot:
03259-0056
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Neighborhood:
Bushwick
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Cross Streets:
Irving Ave & Wyckoff Ave
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Building Dimensions:
20 ft x 55 ft
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Lot Dimensions:
25 ft x 100 ft
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Units:
5
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Total Approx. SF:
3,300
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Zoning:
R6
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FAR:
2.2
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Tax Class:
2A
