Partially-Constructed Residential Development Site

257 Jefferson Street

Bushwick

$2,200,000

Residential BSF 5,500 BSF
Cross Streets Knickerbocker Avenue/Wilson Avenue
Lot Dimensions 25 ft x 100 ft
Subways
l
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Development 257 Jefferson Street, Bushwick
Dan Marks
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Details

Zoning R6
Residential FAR 2.20
Lot SF 2,500

Overview

TerraCRG has been retained to market and sell 257 Jefferson Street, which is a partially-constructed, residential development of approximately 5,389 SF (zoning floor area) in the heart of Bushwick.

The 25.00 ft x 100.00 ft lot is located between Knickerbocker and Wilson Avenues, roughly three blocks southwest of the Jefferson Street Subway Station and the L Train.  The Central Avenue Subway Station (M Train) is less than a 10-minute walk to the south.

The plans for the three-unit development call for a building of four stories, plus a small penthouse level, with a full cellar.  The building’s structure has been completed to the roof.  The new owner will need to complete the building’s front and rear walls, install all the building’s systems and complete the interiors.  Recent condo sales in the area have averaged more than $900/SF.  Rents for apartments in new developments in the area are around the $50/SF mark.

Attractions

As well as being conveniently located for local transportation, the property is close to some of the neighborhoods most popular cafes, bars, clubs and shopping options.  Popular local spots in the vicinity include House of Yes, The Bushwick Collective, Sea Wolf, Alphaville, The Johnsons, The Three Diamond Door, Artichoke Pizza, L train Vintage and the Cobra Club.  257 Jefferson Street is also just two blocks from Maria Hernandez Park.

House of Yes
The Bushwick Collective
Sea Wolf
Alphaville
The Johnsons
The Three Diamond Door
Artichoke Pizza
L train Vintage and the Cobra Club
Maria Hernandez Park.

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