development site opportunity greenpoint assemblage · 2019. 1. 17. · 516 graham avenue, brooklyn,...

DEVELOPMENT SITE OPPORTUNITY

GREENPOINT ASSEMBLAGE

FOUR VACANT LOTS 8,301 TOTAL SFTWO EXISTING HOUSES | 22,920 BSF

506-518 GRAHAM AVENUE | NEWTON STREET VACANT LOT

Asking Price: $11,000,000

AREA MAP & TAX MAP

Brandon Serota

Associate

(646) 472-8732

[email protected]

Leah Chen

Associate

(646) 604-7020

[email protected]

Paul J. Nigido

Senior Financial Analyst

(646) 424-5350

[email protected]

Jared Rehberg

Marketing Manager

(646) 424-5067

[email protected]

BS121318

To request further information, please contact:

GREENPOINT ASSEMBLAGE506-518 GRAHAM AVENUE | NEWTON STREET VACANT LOT

EAST WILLIAMSBURG

GREENPOINT

WILLIAMSBURG

B43

B24

Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable, no express representation is made nor is any implied as to the accuracy thereof and is subject to error,omissions, change of price, rental or other conditions, prior sale, rental or financing or withdrawal without notice. No warranties or representations are made as in the condition of the property of any hazards contained thereinnor are any implied. Rendering pictured in offering materials is not specifically approved for referenced development site. Buildable square footage is subject to verification by purchaser’s own architect and/or zoning attorney.

R6B ZONING

381 Park Avenue South, New York, NY 10016 | www.besengroup.com

R6B districts are often traditional row house districts, which preserve the scale and harmonious streetscape ofneighborhoods of four-story attached buildings developed during the 19th century. Many of these houses are setback from the street with stoops and small front yards that are typical of Brooklyn’s “brownstone” neighborhoods,such as Park Slope, Boerum Hill and Bedford Stuyvesant.

The Floor Area Ratio (FAR) of 2.0 and the mandatory Quality Housing regulations also accommodate apartmentbuildings at a similar four- to five-story scale. The base height of a new building before setback must be between 30and 40 feet and the maximum height is 50 feet. For buildings providing a qualifying ground floor, the maximum baseheight and overall height increase by five feet. Curb cuts are prohibited on zoning lot frontages less than 40 feet. Thestreet wall of a new building, on any lot up to 50 feet wide, must be as deep as one adjacent street wall but nodeeper than the other. Buildings must have interior amenities for the residents pursuant to the Quality HousingProgram.

Higher maximum FAR are available for buildings participating in the Inclusionary Housing program or that providecertain senior facilities.Off-street parking is generally required for 50 percent of a building’s dwelling units, but requirements are lower forincome-restricted housing units (IRHU) and are further modified in certain areas, such as within the Transit Zone andthe Manhattan Core, or for lots less than 10,000 square feet. Parking can be waived if five or fewer spaces arerequired. Off-street parking is not allowed in front of a building.


R6B ZONING



PROPERTY OVERVIEW

Neighborhood Greenpoint

Block & Lot 2720 / 5

Building Class Three Families (C0)

Tax Class 1

Lot & Built Size 20’ x 64.75’ built 42’

Building SF 2,160± SF

Stories 3

Zoning R6B

FAR (Built/Allowed) 1.67 / 2.0

Assessment/Taxes (18/19)

$xx$xx

UNIT TENANT ACTUAL BEDROOMS LXP STATUS

1 Tenant 1 Vacant Xx xx xx



Residential Monthly Total : $xx

Residential Annual Total : $xx


506 Graham Avenue, Brooklyn, NY 11222


Vacant 3-story residential building with 3 apartments. Located between Newton and Bayard Street. A few blocks fromthe Nassau Av [G] subway.

PROPERTY OVERVIEW



Building ClassZoned Residential - Not

Manhattan (V0)

Tax Class 1B

Lot Size 31.33’ x 76’

Zoning R6B

Unused FAR 3,770


$xx$xx




1,885 SF lot. Located between Newton and Bayard Street. A few blocks from the Nassau Av [G] subway.

3-story mixed use building with 6 apartments. Located between Newton and Bayard Street. A few blocks from theNassau Av [G] subway.

PROPERTY OVERVIEW



Building ClassPrimarily Five to Six Family with

One Store or Office (S5)

Tax Class 2A

Lot & Built Size 25’ x 75’ built 50’

Building SF 4,250± SF

Stories 3

Zoning R6B

FAR (Built/Allowed) 2.27 / 2.0


$xx$xx

UNIT TENANT ACTUAL BEDROOMS LXP STATUS

1 Tenant 1 $2,310 Xx 1 Year FM





6 Tenant 6 $780 xx 1 Year RS

Residential Monthly Total : $12,340

Residential Annual Total : $148,080




PROPERTY OVERVIEW



Building Class Licensed Parking Lot (G6)

Tax Class 4

Lot Size 25’ x 75’

Zoning R6B

Unused FAR 3,750


$xx$xx




1,875 SF lot. Located between Newton and Bayard Street. A few blocks from the Nassau Av [G] subway.

PROPERTY OVERVIEW


Block & Lot 2720 / 10


Tax Class 4


Zoning R6B

Unused FAR 3,928


$xx$xx




2,566 SF corner lot. Located on Newton Street next to 516 Graham Avenue. A few blocks from the Nassau Av [G]subway.

PROPERTY OVERVIEW


Block & Lot 2720 / 12


Tax Class 4


Zoning R6B


Newton Street


development site opportunity greenpoint assemblage · 2019. 1. 17. · 516 graham avenue, brooklyn,...

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