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- LoopNet Team
140 Central Ave
Brooklyn, NY 11221
140 Central Avenue · Land For Sale
·
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
Listing ID: 18467301
Date on Market: 2/10/2020
Last Updated:
Address: 140 Central Ave, Brooklyn, NY 11221
The Bushwick Land Property at 140 Central Ave, Brooklyn, NY 11221 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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