DEVELOPMENT SITE OPPORTUNITY 506-518 GRAHAM AVENUE NEWTON STREET VACANT LOT FOUR VACANT LOTS 8,301 TOTAL SF TWO EXISTING HOUSES 22,920 BSF
AREA MAP & TAX MAP GREENPOINT B43 B24 WILLIAMSBURG EAST WILLIAMSBURG Asking Price: $11,000,000 To request further information, please contact: Brandon Serota Associate (646) 472-8732 bserota@besenassociates.com Leah Chen Associate (646) 604-7020 lchen@besenassociates.com Paul J. Nigido Senior Financial Analyst (646) 424-5350 pnigido@besenassociates.com Jared Rehberg Marketing Manager (646) 424-5067 jared@besenassociates.com BS121318 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 therein nor 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.
ZONING districts are often traditional row house districts, which preserve the scale and harmonious streetscape of neighborhoods of four-story attached buildings developed during the 19th century. Many of these houses are set back 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 apartment buildings at a similar four- to five-story scale. The base height of a new building before setback must be between 30 and 40 feet and the maximum height is 50 feet. For buildings providing a qualifying ground floor, the maximum base height and overall height increase by five feet. Curb cuts are prohibited on zoning lot frontages less than 40 feet. The street wall of a new building, on any lot up to 50 feet wide, must be as deep as one adjacent street wall but no deeper than the other. Buildings must have interior amenities for the residents pursuant to the Quality Housing Program. Higher maximum FAR are available for buildings participating in the Inclusionary Housing program or that provide certain senior facilities. Off-street parking is generally required for 50 percent of a building s dwelling units, but requirements are lower for income-restricted housing units (IRHU) and are further modified in certain areas, such as within the Transit Zone and the Manhattan Core, or for lots less than 10,000 square feet. Parking can be waived if five or fewer spaces are required. Off-street parking is not allowed in front of a building.
ZONING
506 Graham Avenue, Brooklyn, NY 11222 Vacant 3-story residential building with 3 apartments. Located between Newton and Bayard Street. A few blocks from the Nassau Av [G] subway. Block & Lot 2720 / 5 Three Families (C0) Tax Class 1 Lot & Built Size 20 x 64.75 built 42 Building SF 2,160± SF Stories 3 FAR (Built/Allowed) 1.67 / 2.0 Assessment/ Taxes (18/19) UNIT TENANT ACTUAL BEDROOMS LXP STATUS 1 Tenant 1 Vacant Xx xx xx 2 Tenant 2 Vacant Xx xx xx 3 Tenant 3 Vacant Xx xx xx Residential Monthly Total : Residential Annual Total :
508 Graham Avenue, Brooklyn, NY 11222 1,885 SF lot. Located between Newton and Bayard Street. A few blocks from the Nassau Av [G] subway. Block & Lot 2720 / 6 Tax Class Zoned Residential - Not Manhattan (V0) 1B Lot Size 31.33 x 76 Unused FAR 3,770 Assessment/ Taxes (18/19)
518 Graham Avenue, Brooklyn, NY 11222 3-story mixed use building with 6 apartments. Located between Newton and Bayard Street. A few blocks from the Nassau Av [G] subway. Block & Lot 2720 / 8 Tax Class Primarily Five to Six Family with One Store or Office (S5) 2A Lot & Built Size 25 x 75 built 50 Building SF 4,250± SF Stories 3 FAR (Built/Allowed) 2.27 / 2.0 Assessment/ Taxes (18/19) UNIT TENANT ACTUAL BEDROOMS LXP STATUS 1 Tenant 1 $2,310 Xx 1 Year FM 2 Tenant 2 $2,200 Xx 1 Year FM 3 Tenant 3 $2,250 Xx 1 Year FM 4 Tenant 4 $2,400 Xx 1 Year FM 5 Tenant 5 $2,400 Xx 1 Year FM 6 Tenant 6 $780 xx 1 Year RS Residential Monthly Total : $12,340 Residential Annual Total : $148,080
514 Graham Avenue, Brooklyn, NY 11222 1,875 SF lot. Located between Newton and Bayard Street. A few blocks from the Nassau Av [G] subway. Block & Lot 2720 / 9 Licensed Parking Lot (G6) Tax Class 4 Lot Size 25 x 75 Unused FAR 3,750 Assessment/ Taxes (18/19)
516 Graham Avenue, Brooklyn, NY 11222 2,566 SF corner lot. Located on Newton Street next to 516 Graham Avenue. A few blocks from the Nassau Av [G] subway. Block & Lot 2720 / 10 Licensed Parking Lot (G6) Tax Class 4 Lot Size 20 x 76 Unused FAR 3,928 Assessment/ Taxes (18/19)
Newton Street Block & Lot 2720 / 12 Licensed Parking Lot (G6) Tax Class 4 Lot Size 25 x 101