Closed 03/23/2016

Prime 2 Building Mixed-Use Property in Bushwick

227 Starr Street

Bushwick

Closed 03/23/2016 at
$1,700,000

Total Units 3
Residential Units 2
Commercial Units 1
Gross SF 3,350
Cross Streets Wyckoff Avenue & Irving Avenue
Subways
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Retail/Mixed-Use 227 Starr Street, Bushwick
Matthew Cosentino
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Details

Block 3188
Lot 52
Lot Size 25 ft x 100 ft
Building Size (Building 1) 25 ft x 46 ft
Building Size (Building 2) 25 ft x 34 ft
Building Class S2
Zoning M1-1
Stories (Building 1) 1
Stories (Building 2) 2
Commercial SF 1,150
Residential SF 1,700
Courtyard SF 500

Overview

This building is in a prime location on Starr Street between Wyckoff Avenue & Irving Avenue. It is less than a block away from the Jefferson Street L Station and Maria Hernandez Park. The property contains two structures: the front building is a one story 25 ft x 46 ft commercial space (with a finished basement) ideal for a variety of retail uses and will be delivered vacant. The back building is two stories, 25 ft x 34 ft, with two residential apartments. Each apartment is configured as 2 bed/1 bath at approximately 850 ft each. After renovation, the building has a gross rent potential of approx. $145,000/year.

The property is ideally located in one of the most desirable locations in Bushwick. The retail development in this location has exploded with some of the best restaurants, bars and cafes opening in the immediate vicinity. On the block, there is The Shop Brooklyn (new BBQ restaurant & bar), Guacuco Hot Dogs (a gourmet hot dog restaurant), The Bushwick Starr (award-winning theater), Green Street Salads and Mayday Bar, Cafe and Co-working space.

In addition, Northeast Kingdom, Hanna Natural Organic Market and Wine Shop, the Cobra Club, AP Cafe, House of Yes and Goodyoga Bushwick are all located within 2 blocks of the building. The property is also in the heart of Bushwick’s flourishing art scene (just a few  blocks from Bushwick Collective- a massive organized street art project) and near some of the most successful rental condo and retail projects in the area (including Knick Condos, Castle Braid Luxury Rentals and 424 Melrose Street- the first affordable passive house rental project in the country.

Attractions

The City and State of New York began pouring resources into the Bushwick neighborhood primarily through a program called the Bushwick Initiative. The Initiative aims to improve economic development by focusing on revitalizing Knickerbocker Avenue, the primary commercial strip in the area. Ridgewood Bushwick spoke to business owners about reviving the now-defunct Knickerbocker Avenue Merchant’s association. Through this organization, Ridgewood Bushwick hopes to utilize resources to increase economic opportunities for local business owners in the area.

Maria Hernandez Park
Bushwick Collective

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