5 Stuyvesant Ave Brooklyn, NY 11221

This exceptional investment opportunity presents two adjacent properties located at 5 Stuyvesant Avenue and 984 Broadway in Brooklyn, New York, zip code 11221. The combined properties boast a substantial 234 feet of wraparound frontage at the intersection of Stuyvesant Avenue, Broadway, and Vernon Avenue, situated on the border of Bushwick and Bedford-Stuyvesant. The buildings offer a total of 18,425 square feet of space. A key feature is the transferable air rights from 5 Stuyvesant Avenue to 984 Broadway, offering significant development potential. The property at 5 Stuyvesant Avenue features impressive 45+ foot ceiling heights, ideal for unique uses such as event spaces. Both buildings are currently delivered vacant, providing immediate flexibility for the new owner. The location offers convenient access to public transportation. The total zoning floor area (ZFA), inclusive of existing buildings, is 41,749 square feet, presenting a substantial 485X opportunity. This is a rare chance to acquire a significant multifamily property in a rapidly developing Brooklyn neighborhood.