Residential Development Site in East Williamsburg
30 Bushwick Avenue
East Williamsburg
Closed at
B24, B48, B59
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516-974-2393
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Overview
TerraCRG has been retained on an exclusive basis to market the sale of 30 Bushwick Avenue, a development site located between Devoe St and Ainslie St, in East Williamsburg, Brooklyn.
The property is zoned R7A and provides 7,180 BSF for a fully market rate building or 9,574
BSF under New York’s Voluntary Inclusionary Housing program. The site is improved with a
one story warehouse built full to the lot and will be delivered vacant.
The development site also comes with proposed plans for a 5 story residential building with
ground floor commercial. These plans can be used as is or can be altered with a post approval amendment, providing an accelerated pre development process.
Just off the corner of Bushwick Ave and Devoe St, the property is conveniently located
within walking distance to the L line subway at both the Graham Avenue and Grand Street
stations. The site is also situated between the Metropolitan Ave and Grand St retail corridors,
and nearby Cooper Park.
Attractions
Over the years East Williamsburg has continued to be one of the most desirable neighborhoods for buyers and renters alike. The neighborhood has that sought after genuine Brooklyn feel with family owned businesses that seamlessly blend with trendy new espresso bars, pizza parlors, and cocktail lounges You will find long time generational residents next to first time New Yorkers, making this community a melting pot of diversity and creativity.
Some neighborhood attractions include the Brooklyn Steel, Brooklyn Mirage and the East
Williamsburg Scholars Academy. The neighborhood has also seen a slew of large scale and boutique developments in the recent years that include condominium, rental, retail, and hotel properties. Some recent notable developments include 500 Metropolitan Avenue (Hotel Indigo, 187 keys, with 52 residential units), 785 Metropolitan Avenue 81 units), The Milk Factory 32 units), The Umbrella Factory 69 units) 56 Ainslie Street 27 units).