Invictus Property Advisors closes 1300 Bushwick Avenue, a three-story brick building offering a compelling renovation, conversion, or redevelopment opportunity in Bushwick, Brooklyn. The property features approximately 4,578 square feet of existing building area on an oversized 35' × 82.5' lot.
The building measures approximately 28' × 48' with an additional three-story rear extension measuring 13' × 14'. The property also benefits from an existing curb cut and garage, providing additional flexibility for future ownership. Zoned R6, the property offers approximately 8,643 square feet of as-of-right residential development potential, including approximately 4,065 square feet of unused development rights.
Investors and developers had several potential options, including renovating the existing building, pursuing an Alt-1 conversion, expanding the existing structure, or exploring a larger redevelopment project.
Conveniently located near the Halsey Street J train and Wilson Avenue L train, the property offers excellent connectivity to Williamsburg and Manhattan. With annual property taxes of approximately $3,326, 1300 Bushwick Avenue presented an attractive opportunity for investors, developers, and end users seeking a versatile asset in Brooklyn.
