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1150 Broadway Brooklyn, NY 11221

For Sale
Contact for pricing

Large corner lot for residential development near Kosciuszko Street Station.

Lot size:
0.61 Acres

Property Features for 1150 Broadway

General Information

Lot size
0.61 Acres

Source: JLL | New York City Agent Brendan Maddigan

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Prime Corner Development Site Brooklyn

The property, known as 1150 Broadway, is a corner development site located at the crossroads of Bedford-Stuyvesant and Bushwick in Brooklyn, NY. The site is situated on a 26,730 square foot lot within a C4-4L / EC-4 (R7A Equivalent) zoning district, allowing for the development of up to 133,917 residential zoning floor area as-of-right. Featuring approximately 475 feet of wraparound frontage on Broadway, Lafayette Avenue, Kosciuszko Street and Kossuth Place, 1150 Broadway benefits from excellent visibility as well as ample light and air. The lot size, coupled with the attractive frontage, will enable flexibility with a new development’s design and the ability to create efficient floor plans. Additionally, an incoming developer can take advantage of the 485 - X tax abatement program, which preserves a 35-year abatement, and the elimination of any parking requirements under City of Yes. There is also the possibility of increasing the zoning floor area further through the Mass Transit Station Improvement and FRESH programs. Situated on the south side of Broadway, the property is directly in front of the entrance to the Kosciuszko Street Station offering a 20-minute commute into downtown Manhattan via the J train. The J train also connects to the A, C, L, and F trains providing access throughout Brooklyn, Queens, and the rest of Manhattan. Broadway serves as the main retail corridor offering dining, shopping, and entertainment options. The property is currently leased to 6 tenants which all have termination options with a notice period ranging from 3 to 12 months. The in-place tenancy will generate cash flow for an incoming developer while they are moving through the pre-development phase. 1150 Broadway provides the opportunity to build a large-scale luxury residential building in at the intersection of two burgeoning neighborhoods in Brooklyn.
Insight Report Location Intelligence

Current Use by Public Records

Super Clean Laundry

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Brooklyn
County
Kings
State
New York
Longitude
-73.928401
Latitude
40.693036

FAQs

What type of property is this?
Commercial land - Large corner lot for residential development near Kosciuszko Street Station.
Where is this commercial land located?
The property is located at 1150 Broadway Brooklyn, NY.
What are key features of this property?
This property features: - Large-scale development opportunity with **133,917 SF of residential ZFA as-of-right**.; - **Prime corner location** at the crossroads of Bedford-Stuyvesant and Bushwick with 475’ of wraparound frontage.; - Direct access to Kosciuszko Street J train station, offering a 20-minute commute to downtown Manhattan.
More about this property
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