Bedrooms
1
Bathrooms
1.5
Status
Active
Real Estate Taxes
[Monthly]
$ 2,009
Jason Bauer
License
Manager, Licensed Associate Real Estate Broker
Jason Bauer
License
Manager, Licensed Associate Real Estate Broker
Property Description
Prime Development Opportunity in Bedford-Stuyvesant
Seize a rare investment opportunity in the heart of Brooklyn! Rare opportunity to acquire a 4,195 SF development lot in Bedford-Stuyvesant, adjacent to the Gates Avenue subway stop at Broadway and Howard Avenue.
Key Property Details:
Zoning: R7A
Floor Area Ratio (FAR): 4
Max Allowable Floor Area: 16,780 SF
Bonus Floor Area (for Affordable Housing): 5,537.4 SF
Total Development Potential: 22,317.4 SF
Max Building Size: 2,517 SF
Strategic Location & Unmatched ConnectivityNestled in Bedford-Stuyvesant, this site benefits from easy access to multiple subway lines (A, C, J, M, Z) and several bus routes, ensuring seamless commuting throughout Brooklyn and Manhattan. The area's ongoing transformation has led to rising property values, a diverse community, and a flourishing local economy.
Affordable Housing OpportunityLocated within an Inclusionary Housing designated area, developers can take advantage of a bonus in floor area by designating units as affordable housing, maximizing the project's potential.
Endless Development PossibilitiesWith a strong demand for housing, excellent transit accessibility, and a thriving neighborhood, this opportunity offers an exceptional opportunity for developers looking to create a high-value residential or mixed-use project in one of Brooklyn's most sought-after locations.
Prime Development Opportunity in Bedford-Stuyvesant
Seize a rare investment opportunity in the heart of Brooklyn! Rare opportunity to acquire a 4,195 SF development lot in Bedford-Stuyvesant, adjacent to the Gates Avenue subway stop at Broadway and Howard Avenue.
Key Property Details:
Zoning: R7A
Floor Area Ratio (FAR): 4
Max Allowable Floor Area: 16,780 SF
Bonus Floor Area (for Affordable Housing): 5,537.4 SF
Total Development Potential: 22,317.4 SF
Max Building Size: 2,517 SF
Strategic Location & Unmatched ConnectivityNestled in Bedford-Stuyvesant, this site benefits from easy access to multiple subway lines (A, C, J, M, Z) and several bus routes, ensuring seamless commuting throughout Brooklyn and Manhattan. The area's ongoing transformation has led to rising property values, a diverse community, and a flourishing local economy.
Affordable Housing OpportunityLocated within an Inclusionary Housing designated area, developers can take advantage of a bonus in floor area by designating units as affordable housing, maximizing the project's potential.
Endless Development PossibilitiesWith a strong demand for housing, excellent transit accessibility, and a thriving neighborhood, this opportunity offers an exceptional opportunity for developers looking to create a high-value residential or mixed-use project in one of Brooklyn's most sought-after locations.
Listing Courtesy of Douglas Elliman Real Estate
Jason Bauer
License
Manager, Licensed Associate Real Estate Broker
Care to take a look at this property?
Apartment Features
A/C
Building Details [8 Howard Avenue]
Ownership
Development Site
Service Level
None
Access
None
Block/Lot
11481/39
Building Type
Vacant Lot
Floors
0
Apts
0
Mortgage Calculator in [US Dollars]
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.
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Additional building data provided by On-Line Residential [OLR].
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
Fair Housing