455 Marcus Garvey Boulevard Listing Details & Market Data

Location

• Walk Score ® Walker's Paradise (95)
• Transit Score ® Rider's Paradise (100)
• Bike Score ® Very Bikeable (75)

Points of Interest

Highlights

• This corner mixed-use building spans 5,813 SF and has a certificate of occupancy for 4 residential units over retail, with no rent regulation
• We project finished value to be ~$4M once renovations are completed. A verified construction budget of $700,000 suggests a 25-35% premium
• A large cellar offers 7'+ ceilings heights with arched brick work, offering a unique and valuable addition to the already attractive corner retail space
• The 4th floor attic offers 700 SF of bonus storage space that could be creatively used to maximize rental returns or end-user functionality
• Front and back unit layouts offer spacious and efficient design potential, with the option for outdoor spaces via the front and back roof extensions
• The property is part of the Stuyvesant Heights Historic District, protecting the architectural significance of the surrounding blocks.
• Within blocks of quintessential Bed-Stuy restaurants, including Saraghina, Peaches, Oaxaca Taqueria, Zaca Cafe, Tepache and many more
• Multitude of transit options, including the Throop Ave C subway, just 2 blocks away, with direct access into Downtown Brooklyn and Manhattan

Attachments

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