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Listing Courtesy of Douglas Elliman Real Estate
$ 1,900,000
Est. payment | /mo
1 Bed
2 Baths
$ 1,900,000
Est. payment | /mo
1 Bed
2 Baths
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Stuyvesant Heights
MLS Listing ID RLS20011762
Style Walk-Up
Bedrooms 1
HOA Y/N Yes
Year Built 1931
Property Sub-Type Apartment
Property Description
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 Connectivity Nestled 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 Opportunity Located 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 Possibilities With 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.
Location
Rooms
Basement Other
Interior
Cooling Other
Fireplace No
Laundry Building None
Exterior
Exterior Feature None
View Y/N No
Porch None
Private Pool No
Building
Story 4
New Construction No
Others
Pets Allowed Pets Allowed
Ownership Rental Building
Special Listing Condition Standard
Pets Allowed Building Yes, No
RLS Data display by Real Broker, LLC
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