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37 & 39 Graham Avenue 2 Retail Properties in Brooklyn, NY
Investment Highlights
- Prime Development Pocket
- 485x 35-Year Tax Abatement
- Strong Residential Demand in Williamsburg
- R7A Zoning (C2-4 Overlay)
Executive Summary
Avison Young, as the exclusive agent, is pleased to offer for sale 37-39 Graham Avenue (the “Site”), two adjacent lots measuring 50’ x 100’, located on the west side of Graham Avenue between Cook Street and Varet Street in Williamsburg, Brooklyn. The site is improved by two mixed-use buildings totaling approximately 10,500 SF, the properties can be delivered vacant at closing. The Site is zoned R7A (C1-4), allowing for 4x FAR for 20,000/ZFA to the base FAR (or 5.01x FAR with a UAP housing bonus for a total of 25,050/ZFA). The site additionally has a commercial and community facility overlay with a (2x FAR and 4x FAR, respectively), allowing for a flexible mixed-use development.
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Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 10,525 SF |
| Number of Properties | 2 | Total Land Area | 0.12 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 10,525 SF |
| Total Land Area | 0.12 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 37 Graham Ave, Brooklyn, NY 11206 | Retail | 6,625 SF | 1931 | - |
| 39 Graham Ave, Brooklyn, NY 11206 | Retail | 3,900 SF | 1931 | - |
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37 & 39 Graham Avenue
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