Unleash Potential at 99 Scott Avenue - Heart of Bushwick's Growth
Market Price
99 Scott Ave, Brooklyn, NY, Brooklyn, NY 11237
52,995 sqft
Building Size
12.1671 acres
Lot Area
Details:
Description:
Located at 99 Scott Avenue, this property spans 53,000 square feet of prime land nestled in the vibrant neighborhood of East Williamsburg/Bushwick. Currently fully leased with a gross annual income exceeding $1 million, it also offers an additional 82,000 square feet of buildable rights, available for immediate development as leases expire next year. Positioned within an Opportunity Zone and eligible for potential rezoning under the GEA, the property presents significant investment potential.
As one of the few remaining industrial areas in New York City, the location is not only zoned for industrial use but also designated as a redevelopment and opportunity zone, offering extensive possibilities for future development. It is well-suited for both light and heavy manufacturing, benefiting from excellent public transportation access and a wide range of dining options for employees and visitors alike, making it an ideal choice for manufacturing operations.
99 Scott Avenue is situated in the dynamic and rapidly evolving area of Bushwick, bordering East Williamsburg. This location benefits from excellent connectivity, with easy access to the L train at the Jefferson Street station, offering a swift commute to Manhattan and other parts of Brooklyn.
The area around 99 Scott Avenue has transformed into a thriving hub for artists and creatives. The neighborhood is dotted with art studios, galleries, and murals, contributing to its reputation as a hotspot for contemporary art. Spaces like the Bushwick Collective showcase vibrant street art, while galleries such as SIGNAL and Microscope Gallery feature cutting-edge exhibitions. The artistic community has fostered a unique, bohemian ambiance that permeates the neighborhood, attracting art enthusiasts and creators alike.
Bushwick and East Williamsburg are renowned for their vibrant nightlife and cultural richness. The neighborhood boasts a plethora of bars, music venues, and nightclubs that cater to diverse tastes. Notable spots include Avant-Garde, House of Yes, the eclectic mood of Bossa Nova Civic Club, and the underground vibes of Elsewhere. These venues not only attract locals but also draw crowds from across the city, ensuring a lively and bustling atmosphere.
Irregular shaped corner lot property with a total of 501 feet of frontage.
Documents:
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Location
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