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326 Rockaway Ave
Brooklyn, NY 11212

Land For Sale · 0.75 AC

Investment Highlights

  • Blockfront Mixed-Use Development Site w/ ~100,000 BSF As-of-Right
  • 540' of Linear Frontage
  • Directly next door to future Brownsville Arts Center & Apartments 'BACA'
  • Up to ~178,000 Buildable Sq. Ft. w/ Community Facility & FRESH Bonuses

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use
Mixed Use
  • Multifamily
  • Apartment Units
  • Apartment Units - Senior
  • Hold For Development
  • Storefront, Retail or Office
  • Storefront, Retail or Residential
Total Lot Size 0.75 AC

Description

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 326 Rockaway Avenue in Brownsville, Brooklyn NY. 326 Rockaway Avenue is an entire blockfront of mixed-use properties located on the south side of E. New York Avenue between Chester Street and Rockaway Avenue. The ~33k square foot lot is zoned R6 / C2-3, and is ideal for a mixed-use development. The site allows for nearly 100,000 buildable square feet as of right, ~160,000 buildable sq. ft. w/ a community facility bonus, and ~180,000 buildable square feet with a FRESH Program Bonus. The property is located within walking distance to the L, A, C, J, 2, 3 and 4 subway trains, the East New York LIRR station and multiple bus lines. Additionally, the property is less than a 1/4 mile north of the Brownsville shopping district with retailers such as The Children’s Place, Portabella Stores, Ashley Stewart & others closeby. In July 2018 New York City selected through an RFP a development team to build three major projects in Brownsville. The first project is the Brownsville Arts Center & Apartments ‘BACA’ which will be located directly behind the subject property. This project will include 230 affordable apartments plus significant arts & cultural space run by Purelements (a performing arts school), Brooklyn Music School, and a media lab and arts center run by BRIC.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
03499-0025
Land Assessment
$1,034,100
Improvements Assessment
$1,538,550
Total Assessment
$2,572,650

zoning

Zoning Code R6 / C2-3
R6 / C2-3
  • Listing ID: 16692075

  • Date on Market: 7/23/2019

  • Last Updated:

  • Address: 326 Rockaway Ave, Brooklyn, NY 11212

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