1150 Broadway Brooklyn, NY 11221

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.