Commercial Development Opportunity For Sale
$20,000,000
1633 East 16th Street, Brooklyn, NY 11229
Retail
Development Type
23,186 sqft
Lot Area
Details:
Description:
Kassin Sabbagh Realty (KSR) is representing the sale of 1633 East 16th Street, also known as 1602-1604 Avenue P, located in Midwood, Brooklyn. This property offers vacant land for a proposed new development with 352 feet of wraparound frontage. It is zoned under C4-4A, C1-2, and R5B, and sits on Block 6779, Lot 1. The lot size is irregular, measuring 292 feet by 108 feet and 292 feet by 60 feet. The property benefits from its location in Fresh and Transit Zones, with a total Zoning Floor Area (ZFA) of 67,996 square feet. A zoning analysis is available upon request.
Nearby tenants include popular businesses such as Planet Fitness, CVS, Raising Cane’s, TJ Maxx, Marshalls, Citibank, Bank of America, NYU Langone, Chipotle, and Snipes. Public transportation is easily accessible, with the Kings Highway B and Q subway lines nearby. The area’s 2024 population is 473,673, with an average household income of $115,354.
Documents:
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Offering Memorandum
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Location
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