Bedford-Stuyvesant Development Opportunity with Approved Plans

Description:

Ariel Property Advisors has been retained on an exclusive basis to sell a ground up development site at 499 Van Buren Street in the Bedford-Stuyvesant neighborhood of Brooklyn. The development site is located on the north side of Van Buren Street between Malcolm X Boulevard and Patchen Avenue.

The property size is 25’x100’ and is zoned R6B. The FAR is 2.0 so the total buildable is 5,000 SF. Currently, the lot has been demolished, excavated, and a few pilings have been installed. The plans call for a 4,997 square foot building which consists of six 1-bedroom units and one duplex.

The property is located about 2 blocks from the Kosciuszko Street subway station on the J line. This provides easy access to Manhattan as well as connections to the A, C, E, L, M, F, N, Q, R, W, Z and 6 lines. The Broadway retail corridor is located just a block away and provides shopping, restaurants, and nightlife for potential tenants. Seven schools are within walking distance of the property: PS 26 Jesse Owens, Brooklyn Excelsior Charter School, Bedford-Stuyvesant New Beginnings Charter School, Brighter Choice Community School, PS 25 Eubie Blake School, Teaching Firms to America Pro Prep, and MS 267 Math Science and Technology. Several parks are conveniently located nearby the property including Lafayette Playground, Jesse Owens Playground, and PO Reinaldo Salgado Playground.

Documents: