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$ 3,500,000
Est. payment | /mo
5,824 SqFt
$ 3,500,000
Est. payment | /mo
5,824 SqFt
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 5,824 sqft
Price per Sqft $600
MLS Listing ID 490741
Year Built 1910
Annual Tax Amount $12,669
Property Sub-Type Land
Property Description
Prime Development Opportunity in Bensonhurst.
Unlock the full potential of this exceptional development site, now benefiting from the newly approved City of Yes for Housing Opportunity zoning changes. This Qualifying Residential Site is located in an R5 zone and now allows for a 2.0 Floor Area Ratio (FAR), providing approximately 13,534 buildable square feet on a 6,767 sq ft lot with an impressive 70-foot frontage. Copyrighted proposed plans—available upon request—envision a five-story, 20-unit residential building and qualify for a parking requirement waiver, offering significant development flexibility and efficiency.
Situated just minutes away from the 20th Avenue D train station, the property offers excellent transit access and is surrounded by the vibrant amenities of 86th Street's shopping and dining corridor, as well as close proximity to the Gravesend Bay waterfront, parks and schools. The existing structure is a 2.75-story mixed-use building currently classified as Primarily One-Family with Store or Office (currently a community facility).
This is a rare opportunity to capitalize on one of South Brooklyn's most transit-connected and amenity-rich neighborhoods, while taking advantage of NYC's push for smart, sustainable residential growth. Proposed architectural plans are copyrighted and will be shared with qualified buyers.
Disclaimer: This sale may be subject to approval by the Attorney General and Supreme Court pursuant to the Not-for-Profit Corporation Law, if required.
Unlock the full potential of this exceptional development site, now benefiting from the newly approved City of Yes for Housing Opportunity zoning changes. This Qualifying Residential Site is located in an R5 zone and now allows for a 2.0 Floor Area Ratio (FAR), providing approximately 13,534 buildable square feet on a 6,767 sq ft lot with an impressive 70-foot frontage. Copyrighted proposed plans—available upon request—envision a five-story, 20-unit residential building and qualify for a parking requirement waiver, offering significant development flexibility and efficiency.
Situated just minutes away from the 20th Avenue D train station, the property offers excellent transit access and is surrounded by the vibrant amenities of 86th Street's shopping and dining corridor, as well as close proximity to the Gravesend Bay waterfront, parks and schools. The existing structure is a 2.75-story mixed-use building currently classified as Primarily One-Family with Store or Office (currently a community facility).
This is a rare opportunity to capitalize on one of South Brooklyn's most transit-connected and amenity-rich neighborhoods, while taking advantage of NYC's push for smart, sustainable residential growth. Proposed architectural plans are copyrighted and will be shared with qualified buyers.
Disclaimer: This sale may be subject to approval by the Attorney General and Supreme Court pursuant to the Not-for-Profit Corporation Law, if required.
Location
State NY
County Kings (brooklyn)
Area Bensonhurst
Zoning R5
Exterior
Handicap Access Yes
Building
Story 3
Others
Financing Bank Mortgage,Cash
Listed by MadisonEstates Sothebys Realty
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