517 Nostrand Ave Brooklyn, NY 11216

This exceptional 7,750 square foot development site, located at 517-23 Nostrand Avenue in the Bedford-Stuyvesant neighborhood of Brooklyn, New York, presents a unique investment opportunity. Situated on a prime corner lot at the intersection of Nostrand Avenue and Herkimer Street, this property boasts an impressive 177.5 feet of total frontage along Nostrand Avenue, a bustling retail corridor. Currently configured as four vacant lots, this C4-5D zoned land is ideally suited for a variety of development projects, including a hotel or a mixed-use development. The property's strategic location offers unparalleled access to public transportation, being just steps away from the Nostrand Avenue A and C subway station, which sees an annual ridership of 5.6 billion. This high-traffic location ensures significant visibility and accessibility for any future development. Further enhancing its appeal, a 421-A tax abatement is currently in place, providing substantial financial advantages to the buyer. This is a rare chance to acquire a large, well-positioned development site in a rapidly growing area of Brooklyn, offering significant potential for substantial returns. The asking price for this remarkable property is $9,000,000. The zip code is 11216.