RESIDENTIAL DEVELOPMENT SITE FOR SALE 181

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RESIDENTIAL DEVELOPMENT SITE FOR SALE 181 Troutman Street 2,025 SF Existing SF with 3,475 SF of Additional Air Rights

Bushwick, Brooklyn, NY The subject property is a residential development site with 5,500 buildable square feet in prime north Bushwick. There is currently a 2 story, 2 unit building on the property which was gut renovated in 2009. The building will be delivered fully vacant, and presents the new owner the option to construct an additional 3,475 square feet of space. Multiple public transportation options are located nearby, with the L, J, M, & Z trains all within close walking distance, offering access to Manhattan and Williamsburg within 20 minutes. The property also benefits from close proximity to many of Bushwick’s already flourishing art galleries, night life, and dining options. The subject property presents an fantastic opportunity for a developer to unlock the development potential of an already vacant, solid building to match neighborhood demand for luxury apartments. PROPERTY INFORMATION Location: North side of Troutman Street between Wilson Avenue and Central Avenue

181 Troutman St. L

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Block/Lot: 3173 / 46 Lot Dimensions: 25' x 100' Lot Square Footage: 2,500

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(Sq. Ft. Approx.)

Zoning: R6 Buildable Square Feet: 5,500

(Sq. Ft. Approx.)

Building Dimensions: 25' x 46.83'

(Approx.) M

Stories: 2

ASKING PRICE: $1,450,000 $1,400,000 Michael Amirkhanian Director of Sales 718.606.7073 [email protected]

DJ Johnston Senior Associate 718.307.6515 [email protected]

Existing Square Feet: 2,025

(Sq. Ft. Approx.)

Additional Air Rights: 3,475

(Sq. Ft. Approx.)

M J Z

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Assessment ('14/'15): $14,866 Taxes ('14/'15): $2,853

Robert Moore Senior Associate 718.606.7046 [email protected]

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William Cheng Senior Associate 718.606.7037 [email protected]

Maria D’Angelo Administrative Assistant 718.307.6521 [email protected]