Amazing Investment Opportunity! Vacant Land in Brooklyn!

Sara Golan
Licensed Associate RE Broker as "Chandra Sara Golan"
Mobile: 718.812.7799
Joshua Golan
Licensed Associate Real Estate Broker
Phone: 718.454.5400
Mobile: 718.415.4410
Ryan Serhant
Licensed Associate Real Estate Broker
Phone: 646.480.7665
326 Tompkins Ave
Phone: (646) 443–3788
Fax: 212-252-9347
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EXCLUSIVE

Location

382 Hendrix St
Brooklyn NY 11207
Cross street:Pitkin Ave

Property

Ownership: For Sale
Type: Land
Pets: Pets Unknown
Lot Size: 1763 sq ft

Financials

Price: $399,000
Annual Taxes: $1,676

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Description

382 Hendrix St is located in NYC zone R7A with commercial overlay of C2-4. It means primarily residential zoning which quality housing is a mandatory option and allow general commercial spaces. The FAR for residential is 4.0 and for commercial is 2.0, means that floor area can be built up to 4 times of lot area for residential and 2 times for commercial. However, when it is combined, the maximum cannot be more than largest number, which is 4.0. Thus total floor area can be built on this site is 4.0, 7,050 SF. Commercial portion cannot go beyond its FAR, 2.0 and cannot be located above the ceiling of the first floor.

A building can cover up to 80% of the lot. Thus, the maximum floor area of each floor is 1,410 SF and minimum 40’ of building height required and maximum 80. The proposed study shows 5-story building with 1,410 SF on each floor. Commercial on first floor and residential on others. Commercial can be cover 100% of the lot on first floor, but in that case, floor area on 5th floor shall be limited.

Amenities

  • Investment Property

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.