$1,275,000
Updated 6 years ago
Off Market

1160 Greene Ave

Bushwick, Brooklyn | Evergreen Ave & Central Ave

Development Site

$1,275,000
Lot Size19'7"x100'
ZoneR6
Building TypeVacant Lot
RE Taxes$3,584

Building Amenities

  • Elevator

Property Description for 1160 Greene Ave

B6 Real Estate Advisors has been retained on an exclusive basis to arrange for the sale of 1160 Greene Avenue in the Bushwick neighborhood of Brooklyn. • The subject property consists of vacant land on the southeast side of Greene Avenue between Central and Evergreen Avenue. • Property is situated in R6 zoning, with a 2.2 FAR, allowing for up to 7,052 BSF for residential development. • The site would be eligible for Affordable NY (421a), a 35-year tax abatement, with 30% of the units being leased at 130% of AMI. • Transportation options are available within 3 blocks to the M train at Knickerbocker Avenue and 4 blocks to J, Z trains at Gates Avenue. • Preliminary drawings are available, as well as a land survey, in an effort to help expedite a development plan for the new buyer. • Property presents a fantastic opportunity for a developer to invest in one of Brooklyn’s most sought after areas, and to meet already existing neighborhood demand for luxury apartments.

Listing History for 1160 Greene Ave

Now
05/22/2020
POM by William Cheng
B6 Real Estate Advisors
2020

Building Details for 1160 Greene Ave

OwnershipDevelopment Site
Building TypeVacant Lot
Learn More About the Building

Transit and Citi Bike

Subway

Kosciuszko St
0.32 miles
Gates Av
0.32 miles
Central Av
0.35 miles
Knickerbocker Av
0.35 miles

Citi Bike

Bushwick Ave & Harman St
0.13 miles
Central Ave & Himrod St
0.18 miles

Contact Agent

Contact Agent

William Cheng
B6 Real Estate Advisors

Bushwick | Brooklyn

Quick Profile

As one of the most diverse neighborhoods in New York, Bushwick offers a perfect snapshot of just how multicultural the city is. Long-established as an amalgam of cultures and ethnicities, a wave of varying types of immigrants trickled in from the seventeenth to twentieth centuries, with Bushwick largely becoming a home to Hispanics of Puerto Rican and Dominican backgrounds by the latter part of the twentieth century. 

With the Bushwick Initiative of the mid-00s that aided in revitalization, it became an attractive area to young professionals and artists. And even now, Bushwick has sustained affordable rent prices where other North Brooklyn counterparts, like Williamsburg and Greenpoint, have become more expensive. Priding itself on the weird and the wacky, numerous art collectives thrive in this part of Brooklyn, once famously named the seventh coolest neighborhood in the world by Vogue. 

Though it has drawn in many tourists in recent years (there’s even a graffiti tour you can take from the Bushwick Collective), the neighborhood remains very much community-oriented, and has not been subject to quite the same sort of corporate infiltration phenomenon of its nearby Williamsburg environs. 

But yes, of course, Bushwick has come a very long way from its 80s and 90s reputation as being “The Well,” a nickname given to it for its free-flowing and widely available amount of drugs (quantity over quality being the cliche applied here). 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 66635TH