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238 Java St
Brooklyn, NY 11222
Land For Sale
·
0.06 AC
Executive Summary
**Development Site | 238 Java Street – Greenpoint, Brooklyn**
238 Java Street presents a rare opportunity to acquire a residential development site in the heart of Greenpoint, one of Brooklyn’s most supply-constrained and sought-after neighborhoods. Situated on a quiet residential block between Manhattan Avenue and McGuinness Boulevard, the property benefits from immediate proximity to the neighborhood’s primary retail corridors, waterfront parks, and public transportation.
The site is located within a strong residential enclave characterized by a mix of historic townhouses, low-rise multifamily buildings, and newly constructed boutique condominiums. Continued investment throughout the neighborhood—particularly along the nearby waterfront—has driven strong residential demand and increasing property values, making Greenpoint one of North Brooklyn’s most desirable locations for residential development.
The property offers developers the ability to capitalize on the area’s strong condominium and rental market fundamentals. Its location provides convenient access to neighborhood amenities along Manhattan Avenue and Franklin Street, as well as connectivity via the **New York City Subway G train at the **Greenpoint Avenue Station**, providing direct service to Williamsburg, Long Island City, and Downtown Brooklyn.
With limited development opportunities remaining in the neighborhood, 238 Java Street represents a compelling opportunity to deliver a boutique residential project in a market that continues to experience strong demand from both end-users and renters seeking proximity to the Brooklyn waterfront, Manhattan, and the broader North Brooklyn creative corridor.
*Address:* 238 Java Street, Brooklyn, NY
*Neighborhood:* Greenpoint
*Property Type:* Development Site / Land Parcel
*Opportunity:* Boutique residential development in a prime North Brooklyn location
238 Java Street presents a rare opportunity to acquire a residential development site in the heart of Greenpoint, one of Brooklyn’s most supply-constrained and sought-after neighborhoods. Situated on a quiet residential block between Manhattan Avenue and McGuinness Boulevard, the property benefits from immediate proximity to the neighborhood’s primary retail corridors, waterfront parks, and public transportation.
The site is located within a strong residential enclave characterized by a mix of historic townhouses, low-rise multifamily buildings, and newly constructed boutique condominiums. Continued investment throughout the neighborhood—particularly along the nearby waterfront—has driven strong residential demand and increasing property values, making Greenpoint one of North Brooklyn’s most desirable locations for residential development.
The property offers developers the ability to capitalize on the area’s strong condominium and rental market fundamentals. Its location provides convenient access to neighborhood amenities along Manhattan Avenue and Franklin Street, as well as connectivity via the **New York City Subway G train at the **Greenpoint Avenue Station**, providing direct service to Williamsburg, Long Island City, and Downtown Brooklyn.
With limited development opportunities remaining in the neighborhood, 238 Java Street represents a compelling opportunity to deliver a boutique residential project in a market that continues to experience strong demand from both end-users and renters seeking proximity to the Brooklyn waterfront, Manhattan, and the broader North Brooklyn creative corridor.
*Address:* 238 Java Street, Brooklyn, NY
*Neighborhood:* Greenpoint
*Property Type:* Development Site / Land Parcel
*Opportunity:* Boutique residential development in a prime North Brooklyn location
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Build to Suit | Proposed Use | Hold For Development |
| No. Lots | 1 | Total Lot Size | 0.06 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | M1-1 Brooklyn(G7) - Light industrial with offices, hotels, and most retail uses permitted | ||
| Sale Type | Investment |
| Sale Condition | Build to Suit |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Hold For Development |
| Total Lot Size | 0.06 AC |
| Opportunity Zone |
Yes |
| Zoning | M1-1 Brooklyn(G7) - Light industrial with offices, hotels, and most retail uses permitted |
1 Lot Available
Lot
| Price | $2,296,644 CAD | Lot Size | 0.06 AC |
| Price Per AC | $40,292,001.52 CAD |
| Price | $2,296,644 CAD |
| Price Per AC | $40,292,001.52 CAD |
| Lot Size | 0.06 AC |
25x100 Commercial FAR2 Max buildable area 5,000 sqft Property tax $9,861 Zoning districts M3-1, M1-1 Opportunity zone Yes
Property Taxes
| Parcel Number | 02552-0017 | Improvements Assessment | $0 CAD |
| Land Assessment | $193,779 CAD | Total Assessment | $193,779 CAD |
Property Taxes
Parcel Number
02552-0017
Land Assessment
$193,779 CAD
Improvements Assessment
$0 CAD
Total Assessment
$193,779 CAD
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