Over 12000 buildable Sq Ft. .. Hop onto the High-Rise trend alongside Barclay Center, Downtown Brooklyn and ever expanding 4th Avenue Corridor to Everything Brooklyn. Right at the center of Park Slope, Gowanus, Downtown Brooklyn, Boerum Hill neighborhoods. Steal it while it's still up for grab, let's make a deal !!!
Whether you looking for an investment property to maximize with or use the current fixture for an easy rental income or building an occupy your expansive dream townhouse. This is it !!!!
A property with many potentials and all the upside. Right off bustling Fourth Avenue Corridor with all high rises. Cash in on this steal ASAP. Great opportunity to build and own a high rise along 4th avenue corridor. Approved Rezoning allow for high rises 12-15 stories. This is the LAST property on this block for special rezoning class for high rises. Great ROI, maximum returns with Condo units. Close to Braclays and Atlantic Terminal, downtown Brooklyn.
Building Dimension: 20x30ft
Building Sq Ft.: 2700 Appx.
Taxes: $720.00 Monthly
Unused FAR: 10,000 Appx.
Current Rental Income: $120,000K Annual
The unused FAR makes this property very attractive for investors/builders to build a high rise and maximize the potential. Huge ROI, $1300-$1500 psf in the area will have a great return on investment. Could deliver vacant.
Floor Area Ratio (FAR)
Residential FAR 6.02
Commercial FAR 3.4
Facility FAR. 6.5
FAR as built. 1.36
Allowed usable floor area12,040
Usable floor area as built 2,720
Unused FAR 9,320