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166 Kings Hwy
Brooklyn, NY 11223
Land For Sale
·
0.40 AC
INVESTMENT HIGHLIGHTS
- 166 Kings Highway is a block-through development site with 485’ of wraparound corner frontage in Gravesend, Brooklyn.
- Given it’s exceptional frontage, visibility and scale, this site is perfect for retail anchored mixed use, multifamily, charter school, etc.
- MIH Rezoning Covenants: 25% of units at AMI level (MIH Option 1, shelter/supportive housing not permitted.
- The 17,425 SF vacant lot was recently rezoned to R7A / C2-4, allowing for development up to 87,300 buildable SF.
- MIH Rezoning Covenants: Max 90 residential units, up to 8 stories, min 60 parking spaces, 2,500 SF community facility space.
EXECUTIVE SUMMARY
Cory Rosenthal
License # 10991237833 (NY)
Matthews Real Estate Investment Services
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # 10991237833 (NY)
Matthews Real Estate Investment Services
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $13,500,000 | Lot Size | 0.40 AC |
| Price Per AC | $33,748,059.49 |
| Price | $13,500,000 |
| Price Per AC | $33,748,059.49 |
| Lot Size | 0.40 AC |
DESCRIPTION
The 17,425 SF vacant lot was recently rezoned to R7A / C2-4, allowing for development up to 87,300 buildable SF.
PROPERTY TAXES
| Parcel Number | 06619-0042 | Improvements Assessment | $195,840 |
| Land Assessment | $715,410 | Total Assessment | $911,250 |
PROPERTY TAXES
Parcel Number
06619-0042
Land Assessment
$715,410
Improvements Assessment
$195,840
Total Assessment
$911,250
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