238 Melrose Street

Serhant is pleased to present 238 Melrose Street, a four-story, 22,500 SF masonry mixed-use building situated on a 4,792 SF lot in the heart of Bushwick's North Brooklyn submarket. The property will be delivered fully vacant at closing — the ground-floor laundromat is owner-operated and vacates upon sale, and upper-floor office tenants occupy on short-term six-month license agreements, providing an incoming owner with complete operational control from day one with no lease risk or tenant obligations of any kind.

At 22,500 SF built on a 4,792 SF lot, the property carries a built FAR of 4.70 — representing 10,350 SF in excess of what R6 zoning would permit on a new construction basis today. This grandfathered density is irreplaceable: a buyer acquires significantly more building than the land could yield, making this a rare value-add and redevelopment opportunity at well below replacement cost.

The building is fully sprinklered, served by both a passenger elevator and an 8×10 freight elevator, carries 120 lb/SF floor load capacity, and is equipped with dual high-pressure boilers — institutional-quality infrastructure in a North Brooklyn creative-district asset.