375 Stuyvesant Avenue is situated within the Stuyvesant Heights Historic District, occupying an approximately 10,000 square foot lot with a building size of around 12,536 square feet. The property is part of a two-property package that includes 40 Greene Avenue, which is a designated New York City landmark. Both properties are being sold in as-is condition and will be delivered vacant, allowing for potential redevelopment or restoration, subject to Landmarks Preservation Commission approval for any exterior alterations.
The combined offering price for both properties is $8,250,000. Buyers are encouraged to conduct their own due diligence regarding zoning, landmark status, and building conditions, as the properties may have existing violations. The current state of 40 Greene Avenue requires full restoration, while 375 Stuyvesant Avenue presents an opportunity for renovation within a historic context.
While specific details about the apartments at 375 Stuyvesant Avenue are not provided, the building's historic nature suggests potential for unique architectural features and layouts that reflect the character of the Stuyvesant Heights area. The building's location in a historic district may also appeal to those interested in preserving its architectural integrity while modernizing the interiors.
Overall, 375 Stuyvesant Avenue represents a significant opportunity for investors or developers looking to engage with Brooklyn's rich architectural heritage, particularly in a neighborhood known for its historic homes and vibrant community.