Vincent Blandino
This listing was posted on RealtyWW.
$43,000,000
Plot For Sale In Brooklyn, New York
Price:
$43,000,000
Location:
967 Nostrand Ave, Brooklyn, NY
Description:
This is a trophy development opportunity in the coveted Crown Heights neighborhood of Brooklyn, just moments away from Prospect Park. This 15, 735 SF corner gem boasts 3 sides of street frontage and carries R7-1 zoning with a C2-3 overlay, offering excellent scale and abundant development possibilities. As-of-right, a developer can build up to 75, 528 ZFA by allocating a portion of the floor area toward community facility use. Future ownership will also include a retail component and leverage the sites 354 feet of wrap-around street frontage. Foundation work has been completed, allowing the developer to take advantage of the new extended 421-a program and substantially reducing the development timeline. Current ownership is undergoing a ULURP process to secure a rezoning. Preliminary plans have been prepared for a one-of-a-kind 249, 000 SF mixed-use project. Contact exclusive agents for additional information and due diligence. The immediate area is undergoing unprecedented transformation. A 328 unit mixed-use building just topped out on the adjacent lot.Across the street on both sides of the block, two other 7-story developments are in progress. The property benefits from proximity to Brooklyns Prospect Park and excellent connectivity by car or public transport. 2, 5 trains are accessible 1 block away at Sterling Street, while the Prospect Park B Q station is minutes away with connection to the C train via the shuttle line. B43 and B44 buses stop within minutes of the property. Extremely rare opportunity to acquire a mixed-use site with a vast number of development possibilities and unparalleled scale, nestled on a tree-lined block in a neighborhood undergoing rapid transformation. Madison Estates Sotheby's International Realty - The Franzese Group and Revived Commercial have Co-Listed this property.For more details: https://realtyww.info/land-lots_brooklyn-d523175/for-sale_i71595601
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More About this Listing: Plot For Sale In Brooklyn, New York
Plot For Sale In Brooklyn, New York is a Land for Sale at 967 Nostrand Ave in Brooklyn NY. Find other listings like Plot For Sale In Brooklyn, New York and listings near 967 Nostrand Ave by searching Oodle Classifieds for Land for Sale in Brooklyn NY.
Plot For Sale In Brooklyn, New York is a Land for Sale at 967 Nostrand Ave in Brooklyn NY. Find other listings like Plot For Sale In Brooklyn, New York and listings near 967 Nostrand Ave by searching Oodle Classifieds for Land for Sale in Brooklyn NY.