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- LoopNet Team
326 Rockaway Ave
Brooklyn, NY 11212
Land For Sale
·
0.75 AC

Investment Highlights
- Blockfront Mixed-Use Development Site w/ ~100,000 BSF As-of-Right
- 540' of Linear Frontage
- Directly next door to future Brownsville Arts Center & Apartments 'BACA'
- Up to ~178,000 Buildable Sq. Ft. w/ Community Facility & FRESH Bonuses
Property Facts
Description
Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 326 Rockaway Avenue in Brownsville, Brooklyn NY. 326 Rockaway Avenue is an entire blockfront of mixed-use properties located on the south side of E. New York Avenue between Chester Street and Rockaway Avenue. The ~33k square foot lot is zoned R6 / C2-3, and is ideal for a mixed-use development. The site allows for nearly 100,000 buildable square feet as of right, ~160,000 buildable sq. ft. w/ a community facility bonus, and ~180,000 buildable square feet with a FRESH Program Bonus. The property is located within walking distance to the L, A, C, J, 2, 3 and 4 subway trains, the East New York LIRR station and multiple bus lines. Additionally, the property is less than a 1/4 mile north of the Brownsville shopping district with retailers such as The Children’s Place, Portabella Stores, Ashley Stewart & others closeby. In July 2018 New York City selected through an RFP a development team to build three major projects in Brownsville. The first project is the Brownsville Arts Center & Apartments ‘BACA’ which will be located directly behind the subject property. This project will include 230 affordable apartments plus significant arts & cultural space run by Purelements (a performing arts school), Brooklyn Music School, and a media lab and arts center run by BRIC.
Property Taxes
| Parcel Number | 03499-0025 | Improvements Assessment | $24,077,000 |
| Land Assessment | $2,298,000 | Total Assessment | $26,375,000 |
Property Taxes
Listing ID: 16692075
Date on Market: 7/23/2019
Last Updated:
Address: 326 Rockaway Ave, Brooklyn, NY 11212
The Brownsville Land Property at 326 Rockaway Ave, Brooklyn, NY 11212 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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