Property tours are available June 7th and June 14th, 1:00-3:00 PM. Please contact Jack Kennedy at 917-617-4214 or jack@squarefoot.com. Investment Highlights ±9,200 SF 3-story multi-family buildings with 13 total units Situated on three ±20’x90’ parcels totaling ±5,400 contiguous SF Properties vacant with approved plans to redevelop and 25yr J-51 tax abatement Located in highly sought-after Brooklyn Market ±5-minute walk from Subway with quick access to Manhattan Investment Overview 18- 22 Patchen Avenue is a vacant three contiguous 3-story multi-family complex located in Brooklyn, NY. 18, 20, and 22 Patchen Avenue (the “Property”) are located on the west side of Patchen, between Lafayette Avenue and Van Buren Street, within the up-and-coming Bedford-Stuyvesant neighborhood of Brooklyn, NY. All three buildings are 3-stories tall, contain 13-units total, and are currently vacant. The Property is a prime candidate for redevelopment, with plans drawn for three 4-story buildings containing 17-units in ±10,752 SF. It is situated ±5-minutes from the Kosciuszko Street Subway Station, providing quick access to both Manhattan and Williamsburg. Bedford-Stuyvesant is an up-and-coming neighborhood in the highly-desirable Brooklyn residential market. Colloquially known as “Bed-Stuy”, it has grown rapidly in recent years, attracting a diverse mix of students, artists, and professionals as scores of new cafes, restaurants, bakeries, boutiques, galleries, and wine bars have sprung up in the area. The neighborhood has access to numerous Subway lines, including the L, J, M, and Z, and is within driving distance of the Brooklyn-Queens Expressway and both the LaGuardia and JFK International Airports. This offering presents a new owner with the rare opportunity to operate a development-ready multi-family property in one of the city’s fastest growing boroughs.
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Multi-Family Space
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