99 & 101 Graham Avenue Williamsburg, Brooklyn
Prime Corner Development Opportunity
Offered for sale is a rare corner development site spanning 50 x 100 feet , R6 Zoning @ 99-101 Graham Avenue, in the heart of Williamsburg-one of Brooklyn's most resilient and high-demand markets. The site is currently improved with two three-story buildings, 4 residential and 2 commercial units.
providing immediate optional income while plans are finalized.
This assemblage presents multiple as-of-right and programmatic development pathways, making it suitable for both luxury and mixed-income strategies.
Development Scenarios Include:
1. Condominium Development - Approx. 15,000 SF
Ideal for a boutique luxury or mid-market condo project, maximizing sellable square footage while maintaining efficient construction costs.
2. Condominium with Facilities - Up to 24,000 SF
A larger-scale residential development incorporating complementary neighborhood-serving uses-such as a daycare, medical office, or similar facilities-designed to enhance resident appeal, support premium pricing, and create clear market differentiation.
3. Universal Affordability Preference (UAP) Program - Up to 19,500 SF
The property is eligible for the UAP program, offering increased residential floor area in exchange for providing the required number of affordable housing units-an attractive option for developers seeking density with public benefit incentives.
Key Highlights:
This is a flexible, high-upside site suited for developers, investors, or owner-builders looking to execute a strategic residential project in one of Brooklyn's most established neighborhoods.
Quick Profile
East Williamsburg is a mixed industrial neighborhood in Brooklyn, with many working factories that make everything from beer and wontons to clothing and concrete. You are likely to hear screeching, pounding and the deep thump of industrial machinery throughout the day. East Williamsburg has become a haven for artists and musicians of every description, who are attracted to the large open loft spaces of the converted industrial buildings. The area has attracted a younger crowd of 20- and 30-somethings that are drawn by affordable rents and a generally lower cost of living.
There is a rich history of immigrants from Puerto Rico and Italy, and oddly enough, they chose to settle on opposite ends of Graham Avenue, with the Italians on the north and the Puerto Ricans on the south.
Housing in the area consists of mid-rise apartment buildings, row houses, and public housing complexes. There are also smaller multi-family apartment buildings available. Lofts are becoming more prevalent as the older, abandoned factory buildings come up for sale and are converted into residential properties.
East Williamsburgfairly pulses with a creative vibe. There are unique shopping venues, numerous tiny coffee shops, interesting restaurants, and cafes, along with food trucks that frequent the area. The grocery stores are affordable and carry a wide variety of goods that appeal to the eclectic tastes of the neighborhood residents.
There is a vibrant bar scene, where you will find mostly local residents imbibing, so it is easy to make friends among your neighbors if you stop in frequently at your favorite watering hole. There are many interesting shops, bars and restaurants tucked in amongst the warehouses and factories. Many do not invest in elaborate signage, so it can be difficult to find some of the best spots. Keep an eye out for hand-painted signs on the sides of buildings with arrows pointing to nondescript, nearly invisible entrances.