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- LoopNet Team
2432 Atlantic Ave
Brooklyn, NY 11233
Land For Sale · 0.81 AC
Investment Highlights
- Located in Ocean Hill, Steps From Broadway Junction & LIRR | 98,290 Buildable Square Feet (As-Of-Right) & 73,718 Buildable SF of Office & Retail
- 37,101 Average Daily Commuters Pass By The Property, Giving Endless Advertising Potential & 100,000+ Commuters Pass Through Broadway Junction
- Zoning Incentives | (Consult With Architect)
- Cash Flowing Development Opportunity | 90 Day Kickout Clauses In Place | Generating $241,284 Gross | Can Be Delivered 100% Vacant
- Block Through Lot With 2 Sides of Frontage, Over 100’ Each side.
- Phase 1 & Phase 2 Completed in 2018 – Came Back Clean
PROPERTY FACTS
Description
The assemblage offers a total lot size of 17,551.87 square feet. There’s approximately 100’ of frontage on Atlantic Avenue & 105’ of frontage on E New York. These metrics we’re taken from a Survey that was done on May 22nd , 2017. The zoning on the lot offers C4-5D, with an R7D equivalent. The property falls within a mandatory inclusionary housing district, which would permit an FAR of 5.60, allowing for a total of approximately 98,290 buildable square feet, (as-of-right) or 73,718 buildable square feet of Office & Retail. The property falls within a few different development incentives, including the Fresh Zone, Transit Zone & Qualified Opportunity Zone. (Consult with Architect on how to take full advantage of incentives).
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $212,400 | |
| Land Assessment | $188,100 | Total Assessment | $400,500 |
PROPERTY TAXES
zoning
| Zoning Code | C4-5D/ R7D |
| C4-5D/ R7D |
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