Property
| Ownership: | Development Site |
|---|---|
| Bedrooms: | Studio |
Financials
Price:$5,000,000
Real estate tax:$25,224
Listing Courtesy of Compass
Vacant Lot for Development Lot Size 3, 000 SF Zoning R7A with C2 4 commercial overlay Residential FAR 4.
Description
Vacant Lot for Development
Lot Size: ± 3,000 SF
Zoning: R7A with C2-4 commercial overlay
Residential FAR: 4.0 ? 12,000 BSF
Commercial FAR: 2.0
Community Facility FAR: 4.0
*Residential FAR w/ Inclusionary Bonus: 5.01 ? 15,030 BSF*
Including affordable housing unlocks additional development potential.
Dwelling Unit Factor = 680sf
Maximum Dwelling Units (DU) = 15,030sf / 680sf = 22 dwellings
Parking Requirement Factor for R7A = 50% for standard dwelling units and 0% for income restricted dwelling units.
Minimum Base Height = 40'
Maximum Base Height = 85'
Minimum Setback above Base Height on Narrow Street = 15'
Maximum Building Height = 115'
Adjacent to NYC public garden
Close to Myrtle Ave & Fulton retail corridors
Surrounded by active development and repositioning projects
Ideal for mid-rise mixed-use residential + retail or community facility.
All square footage and FAR figures are approximate and should be independently verified by buyer and architect.
REACH OUT FOR FULL SET UP DECK
Amenities
- Elevator
Neighborhood
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RLS Data display by Nest Seekers LLC.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
