Invictus Property Advisors is pleased to announce the successful closing of 169 Knickerbocker Avenue, a corner mixed-use building located at the intersection of East Williamsburg and Bushwick, Brooklyn. This property was delivered vacant, presenting an exceptional value-add opportunity in one of Brooklyn’s most sought-after neighborhoods.
Situated on the corner of Melrose Street and Knickerbocker Avenue, the property features a 25’ x 100’ lot with a total lot area of 2,500 square feet and a gross building size of 5,750 square feet. The existing structure includes three residential units and a ground-floor commercial space, previously occupied by a house of worship. The building also includes a cellar and sub-cellar, both extending the full length and width of the lot.
With R6 zoning (2.2 FAR), the property is currently built-full, offering unique flexibility for investors. Potential redevelopment options include:
ALT-2 Permits to maintain the current residential layout and convert the commercial space back to retail.
ALT-1 Permits to reconfigure the property and create additional residential units.
Located just 0.4 miles from the Morgan Avenue L train station, 169 Knickerbocker Avenue offers excellent connectivity and is ideally positioned to benefit from the continued growth and vibrancy of the Bushwick neighborhood.
