Your email has been sent.
1255 Atlantic Ave - Development Site 0.11 Acres of Commercial Land Offered at $3,999,999 in Brooklyn, NY 11216
INVESTMENT HIGHLIGHTS
- Development opportunity in Bedford-Stuyvesant, Brooklyn.
- Property has 23,587 buildable SF as-of-right and up to 26,172 buildable square feet with City of Yes.
- Includes an existing 4,952 SF commercial building.
- Property is a mixed zoning with FAR 4.6 for C4-5D and FAR 5.0 for C4-5X.
- Property is located in a FRESH Zone. Property is located primarily outside of the mandatory inclusionary housing district.
- Close to Nostrand Ave [A, C] Subway Station and surrounded by residential and mixed-use developments.
EXECUTIVE SUMMARY
PROPERTY FACTS
| Price | $3,999,999 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Hold For Development |
| No. Lots | 1 | Total Lot Size | 0.11 AC |
| Property Type | Land | ||
| Zoning | C4-3,Brooklyn,(F9) - C4-3/F9 zoning" refers to a General Commercial Zoning District (C4-3) with an Industrial-Miscellaneous Building Classification (F9). | ||
| Price | $3,999,999 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Hold For Development |
| Total Lot Size | 0.11 AC |
| Zoning | C4-3,Brooklyn,(F9) - C4-3/F9 zoning" refers to a General Commercial Zoning District (C4-3) with an Industrial-Miscellaneous Building Classification (F9). |
1 LOT AVAILABLE
Lot
| Price | $3,999,999 | Lot Size | 0.11 AC |
| Price Per AC | $35,235,452.16 |
| Price | $3,999,999 |
| Price Per AC | $35,235,452.16 |
| Lot Size | 0.11 AC |
DESCRIPTION
Asset CRG Advisors is pleased to present a development opportunity located at 1255 Atlantic Avenue, Brooklyn, NY 11216. Situated in the heart of Bedford-Stuyvesant, this property offers 23,587 buildable square feet as-of-right and up to 26,172 buildable square feet with City of Yes, presenting a prime opportunity for residential or mixed-use development. The site benefits from flexible zoning and excellent frontage along a rapidly developing corridor. Just steps from the Nostrand Avenue [A, C] Subway Station, the property offers seamless access to Downtown Brooklyn and Manhattan. The area is surrounded by new developments, vibrant retail, and strong residential demand, making it ideal for investors and developers looking to capitalize on continued neighborhood growth.
PROPERTY TAXES
| Parcel Number | 01867-0085 | Improvements Assessment | $263,700 |
| Land Assessment | $23,400 | Total Assessment | $287,100 |
PROPERTY TAXES
Presented by
1255 Atlantic Ave - Development Site
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.