11 Van Buren St, Brooklyn, NY, 11221

11 Van Buren St Brooklyn, NY 11221

11 Van Buren St, Brooklyn, NY, 11221
11 Van Buren St, Brooklyn, NY, 11221
FOR SALE
Property Type:
Residential Land Development
Amount:
$1,199,999
Last Verified:
Dec 03, 2024

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Highlights

  • Development opportunity in the Bedford-Stuyvesant neighborhood of Brooklyn.
  • Property previously had approved plans for 8 units.
  • Plans call for a four-story building consisting of 8 residential units.
  • Plans & survey are available upon request.
  • Property is located near Bedford – Nostrand Avenue [G] Train Station.

Description

Excellent development opportunity in the vibrant Bedford-Stuyvesant neighborhood of Brooklyn. The property previously had approved plans for a four-story building with 6,075 buildable square feet, featuring 8 residential units. This well-positioned site offers significant potential for developers looking to create housing in one of Brooklyn's most sought-after areas. Plans and a survey are readily available upon request, streamlining the development process. Located near the Bedford–Nostrand Avenue [G] Train Station, the property provides excellent connectivity and access to local amenities, making it an attractive option for future residents and investors alike.

Situated in the Bedford-Stuyvesant neighborhood of Brooklyn, New York. This area, commonly known as Bed-Stuy, is renowned for its historic brownstone architecture and vibrant cultural scene. The property is conveniently located near Herbert Von King Park, offering residents access to green spaces and recreational facilities. Public transportation options are readily available, with nearby subway stations and bus routes providing easy connectivity to other parts of Brooklyn and Manhattan. The neighborhood features a diverse array of local shops, cafes, and community amenities, contributing to its dynamic and welcoming atmosphere.


Year Built: 1899
Building Size: 1900sq ft
Lot Size: 0.05 acres

Map of 11 Van Buren St, Brooklyn, NY, 11221

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.