1275 Broadway | Brooklyn, NY 11221
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- LoopNet Team
1275 Broadway
Brooklyn, NY 11221
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Subject property consists of existing single-story retail space on a block-through lot.
- The site would be eligible for Affordable NY (421a), a 35-year tax abatement, with 30% of the units being leased at 130% of AMI.
- Property is situated in a C4-3 zoning with a 4.8 As-of-Right FAR, the site would allow up to 54,840 BSF for mixed-use development.
- Located within a block and half to the J, Z trains at Gates Avenue station on Broadway, offering convenient access to Williamsburg and Manhattan.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
11,250 SF
Building Class
C
Year Built
1919
Building Height
1 Story
Building FAR
0.99
Lot Size
0.26 AC
Zoning
C4-3 - Property is situated in a C4-3 zoning with a 4.8 As-of-Right FAR, the site would allow up to 54,840 BSF for mixed-use development.
Frontage
PROPERTY TAXES
| Parcel Number | 03293-0022 | Improvements Assessment | $252,450 |
| Land Assessment | $376,200 | Total Assessment | $628,650 |
PROPERTY TAXES
Parcel Number
03293-0022
Land Assessment
$376,200
Improvements Assessment
$252,450
Total Assessment
$628,650
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