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- LoopNet Team
729 Liberty Ave
Brooklyn, NY 11208
729 Liberty Avenue (Approved Plans) · Land For Sale
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0.06 AC
INVESTMENT HIGHLIGHTS
- Approved Plans for 10 Apartments & 1 Store
- 9,000 Total Buildable Square Feet
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 0.06 AC |
| Property Subtype | Residential | ||
| Zoning | R6A | ||
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.06 AC |
| Zoning | R6A |
DESCRIPTION
Marcus & Millichap is pleased to present investors the rare opportunity to own a development site in East New York right next to the newly renovated Arlington Village. The site is located at 729 Liberty Avenue (Block: 3989: Lot: 51) in the East New York section of Brooklyn, New York. 729 Liberty Avenue is a 25 foot by 100-foot lot with a current 1 apartment over 1 store situated on the lot that will need to be demolished or can be utilized as a rental property. 729 Liberty Avenue has a zone of R6A, which allows investors to take advantage of 7,500 buildable square feet with a 3.0 FAR or 9,000 buildable square feet with the 3.6 FAR with the inclusionary housing bump. There are currently approved plans for 10 apartments and 1 store with demolition approval to begin construction day 1. 729 Liberty Avenue is located within walking distance to the J Train at Cleveland Street and the C Train at Shepherd Avenue Station. The site is surrounded with a number of new developments and planned restaurants, bars and shops.
PROPERTY TAXES
| Parcel Number | 03971-0051 | Improvements Assessment | $572,850 |
| Land Assessment | $75,150 | Total Assessment | $648,000 |
PROPERTY TAXES
