The subject property is a 31’ wide, residential development site, well situated in Crown Heights. The zoning allows for a 3.0 FAR, which lends 8,556 buildable square feet. A developer has the opportunity to further increase the total buildable square footage via the use of Community Facility. If implemented, the Community Facility bonus would add 5,134 square feet to the site, increasing the maximum buildable to approximately 13,690 square feet. Property is approved for construction of a six-story, nine-family building with community facility on the ground floor and recreation area on the sixth floor. The site is transit-oriented, with the 2,3,4,5 trains within close proximity, offering convenient access to Downtown Brooklyn and Manhattan within 25 minutes. The site also has access to many bus options, including the B12 line, along Albany Avenue. This offering presents a fantastic opportunity for a developer to invest in one of Brooklyn’s most sought after areas, and meet an already existing demand for new residential product.
Approved plans available upon request, please contact exclusive agents.