611 Washington Ave & 796 Dean St, Brooklyn, NY 11238

611 Washington Avenue Brooklyn, NY 11238

Brooklyn
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$2,800,000
Last Verified:
Oct 16, 2024

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Highlights

  • Prime development opportunity comprising two adjacent properties: 611 Washington Ave and 796 Dean St in Brooklyn, NY.
  • Total of 8,577 buildable sq. ft. with proposed plans for 12 units, including 4 studios, 2 one-bedroom apartments, 4 two-bedroom apartments, 1 commercial unit, and 1 community facility.
  • Located in a vibrant neighborhood with strong demand for residential and commercial spaces.
  • Ideal for developers looking to capitalize on Brooklyn’s growth and increasing housing needs.
  • Proposed plans and due diligence documents available upon request.

Description

Unlock the potential of this exceptional development opportunity with two adjacent properties at 611 Washington Ave and 796 Dean St in Brooklyn, NY. This site offers a total of 8,577 buildable sq. ft. with proposed plans for 12 units, including 4 studios, 2 one-bedroom apartments, 4 two-bedroom apartments, along with 1 commercial unit and 1 community facility. Positioned in a vibrant and growing neighborhood, this project is poised to meet the rising demand for both residential and commercial spaces in Brooklyn. With proposed plans and due diligence documents available upon request, this is a unique opportunity for developers to capitalize on Brooklyn’s exciting future.

Located in the bustling neighborhood of Crown Heights, the properties at 611 Washington Ave and 796 Dean St benefit from a prime position in Brooklyn. This area is characterized by its rich cultural diversity and community-oriented atmosphere, with an array of local shops, restaurants, and parks nearby. Convenient access to public transit, including multiple subway lines, ensures seamless connectivity to the rest of Brooklyn and Manhattan. With ongoing development and revitalization efforts in the region, this location is well-positioned to attract residents and businesses alike, making it a desirable spot for future growth.

Building Size: 2800sq ft
Lot Size: 0 acres

Map of 611 Washington Avenue, Brooklyn, NY, 11238

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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.