149 Rockaway ave
Brooklyn, NY 11233
149 Rockaway Ave - Development Site · Land For Sale
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0.10 AC
Investment Highlights
- Development Site: The property offers approximately 4,290 buildable square feet (BSF), with further development potential under R6/C2-3 zoning.
- Strategic Lot Dimensions: The lot measures 19.5’ x 100’, providing efficient design options for residential, retail.
- Opportunity Zone Designation: The property falls within a designated Opportunity Zone, presenting significant tax advantages.
- Zoning Bonus Potential: With a Floor Area Ratio (FAR) of 2.20 and potential to reach 3.90 under the proposed “City of Yes” zoning initiative.
- Delivered Vacant: The property will be 100% vacant and unencumbered at closing. No structures exist on the property and no demolishing cost required.
Property Facts
Description
Investment Highlights: Development Site: The property offers approximately 4,290 buildable square feet (BSF), with further development potential under R6/C2-3 zoning, providing flexibility for mixed-use residential and retail development. Zoning Bonus Potential: With a Floor Area Ratio (FAR) of 2.20 and potential to reach 3.90 under the proposed “City of Yes” zoning initiative, the site presents a valuable opportunity to maximize buildable square footage and density. Strategic Lot Dimensions: The lot measures 19.5’ x 100’, providing efficient design options for residential, retail, or community use spaces while maintaining street-level visibility. Delivered Vacant: The property will be 100% vacant and unencumbered at closing. No structures exist on the property and no demolishing cost required. Opportunity Zone Designation: The property falls within a designated Opportunity Zone, presenting significant tax advantages in the way of a deferred capital gains program. Accessibility: One block to the C train and four blocks from Broadway Junction, the property offers swift access to Williamsburg and Lower Manhattan, with commute times ranging from 20 to 30 minutes
