1233-1237 Eastern Parkway, Brooklyn, NY 11213

Crown Heights, Brooklyn, New York 11213

$5,550,000  

Listing ID Number

24940

Property Description

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 1233-1237 Eastern Parkway in the Crown Heights neighborhood of Brooklyn.

• Subject Property is a residential development site with nearly 70’ frontage on the north side of Eastern Parkway between Rochester and Buffalo Avenues.

• Site allows for 24,213 buildable square feet for residential development with the first 100’ from Eastern Parkway that will be subject to wide street FAR premium at 3.0 and the remaining 20’ into the lot receiving a 2.2 FAR.

• Located less than two blocks from the 3, 4 Crown Heights-Utica Avenue station, offering convenient access to Downtown Brooklyn and Manhattan within 20 minutes.

Overview

Building Type:Development/Conversion Sites
Location:North side of Eastern Parkway between Rochester and Buffalo Avenues.
Block/Lot:1392/73/75
Lot Dimensions:69.52' x 120.58'
Lot Sq Ft:8,478
Buildable Sq. Ft:24,213
32,691 with CF Retail
Zoning:R6
FAR:3.0 / 2.2
First 100' / Rear 20'
Taxes:$11,592

Summary

Price Per Buildable Sq Ft:$227
$168 with CF Retail

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

DJ Johnston
Director
(718) 307 6515
dj.johnston@cushwake.com

Joshua Sabzevari
Associate
(718) 307 6521
joshua.sabzevari@cushwake.com

William Cheng
Director
(718) 606 7037
william.cheng@cushwake.com

Bryan Kirk
Associate
(718) 307 6516
bryan.kirk@cushwake.com


Property Images

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Property Map


Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.