Vacant mixed use investment and potential development opportunity on the Broadway corridor in Brooklyn, surrounded by active neighborhood retail, residential uses, and convenient transit access.


Property

Website: https://www.nestseekers.com/5467624
Address:
New York, NY 11221
Ownership: For Sale
Type: Duplex
Bedrooms: Studio
Lot Size: 0.0 Acres

Financials

Price:$899,999
Annual Taxes:$4,869.08

Description

Vacant mixed-use investment and potential development opportunity on the Broadway corridor in Brooklyn, surrounded by active neighborhood retail, residential uses, and convenient transit access. Property is being sold strictly as-is, including condition and any existing DOB/ECB violations. Public information indicates C4-4L zoning on an approximately 2,614 SF lot. Preliminary FAR-based estimate suggests approx. 10,456 buildable SF at 4.0 FAR, with possible upside to approx. 12,024 SF if an affordable housing / Inclusionary Housing bonus floor area were available and approved. All figures are preliminary estimates for marketing purposes only and have not been confirmed by an architect, zoning consultant, or expeditor. Buyer must independently verify all zoning, FAR, buildable SF, use, occupancy, violations, and development potential.

Amenities

  • Other

Contact

578 Driggs Avenue Brooklyn, NY 11211
Listing Courtesy of Keller Williams Realty NYC Grp