Prime Development Opportunity in Bedford-Stuyvesant
Seize a rare investment opportunity in the heart of Brooklyn! Rare opportunity to acquire a 4,195 SF development lot in Bedford-Stuyvesant, adjacent to the Gates Avenue subway stop at Broadway and Howard Avenue.
Key Property Details:
Zoning: R7A
Floor Area Ratio (FAR): 4
Max Allowable Floor Area: 16,780 SF
Bonus Floor Area (for Affordable Housing): 5,537.4 SF
Total Development Potential: 22,317.4 SF
Max Building Size: 2,517 SF
Strategic Location & Unmatched ConnectivityNestled in Bedford-Stuyvesant, this site benefits from easy access to multiple subway lines (A, C, J, M, Z) and several bus routes, ensuring seamless commuting throughout Brooklyn and Manhattan. The area's ongoing transformation has led to rising property values, a diverse community, and a flourishing local economy.
Affordable Housing OpportunityLocated within an Inclusionary Housing designated area, developers can take advantage of a bonus in floor area by designating units as affordable housing, maximizing the project's potential.
Endless Development PossibilitiesWith a strong demand for housing, excellent transit accessibility, and a thriving neighborhood, this opportunity offers an exceptional opportunity for developers looking to create a high-value residential or mixed-use project in one of Brooklyn's most sought-after locations.
Apartment
$24,108 Annual Tax
Built in 1931
MLS/Listing ID 23395795
Buyer’s Agent Compensation: 3%
4 Stories
2 Units
Cooling - Other
Pets Allowed
Listing Courtesy of DOUGLAS ELLIMAN REAL ESTATE, WILLIAM ETHERIDGE - 212-776-4362
Source of Data: REAL ESTATE BOARD OF NEW YORK
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.
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