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- LoopNet Team
140 Central Ave
Brooklyn, NY 11221
140 Central Avenue · Land For Sale
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0.06 AC
Investment Highlights
- 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.
- R6 zoning, with a 2.20 As-of-Right FAR, allowing for up to 5,500 BSF for residential development.
Property Facts
| Property Type | Land | Total Lot Size | 0.06 AC |
| Property Subtype | Commercial | ||
| Zoning | R6 | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.06 AC |
| Zoning | R6 |
Description
The subject property consists of vacant land on the south side of Central Avenue between Troutman Street and Willoughby Avenue. The Property is situated in R6 zoning, with a 2.20 As-of-Right FAR, allowing for up to 5,500 BSF for residential development. 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. Transportation options are available within 3 blocks to the train at Central Avenue and 4 blocks to the train at Jefferson Avenue.
Property Taxes
| Parcel Number | 03184-0038 | Improvements Assessment | $133,200 |
| Land Assessment | $77,400 | Total Assessment | $210,600 |
Property Taxes
