Bushwick Development Site on Broadway Wants $2.65 Million

A 7,600-square-foot property on Broadway in the far reaches of Bushwick under the J,M,Z trains is for sale for $2,650,000. TerraCRG is marketing the property at 1787-1793 Broadway between Pilling and Granite streets, which at one point housed a one-story 99 cent store.

Potentially, a developer could construct a building as large as 22,800 square feet on the site, and the property has 15,600 square feet of air rights. Although property prices in Bushwick are heating up, we’re a little surprised to see something priced this high at the far eastern edge of the nabe.

There are plenty of empty storefronts in the area, and the elevated train is extremely loud. But the property could be much more valuable if the city upzones the area, as de Blasio promised in his affordable housing plan.

Image via LoopNet