Development Opportunity | Tax Class Protected
- Rare 50-Foot-Wide Assemblage: Two semi-detached, four-family assets situated on a substantial 5,000 SF (50′ x 100′) combined footprint in the core of Borough Park.
- Exponential Development Density: Unlock up to 24,518 BSF with a community facility, or leverage a 19,921 BSF residential envelope via the Universal Affordability Preference (UAP) program.
- Versatile Exit Strategies: Perfectly positioned for a high-end condo sellout or a 485-x tax-incentivized rental project utilizing 15,324 as-of-right BSF.
- Proven Institutional Location: Nestled in a premier, family-oriented submarket renowned for elite schooling, diverse retail, and high residential absorption.
Portfolio Key Information
| Listing Status: | Available |
|---|---|
| Property Types: | Land/Development |
| Price: | $ 5,250,000 |
| Building Size: | 6,080 Sq ft |
| Lot Size: | 0 Acres |
| No. of Stories: | 1 |
| Opportunity Zone: | No |
Additional contacts
| Full name | Phone number | Email address |
|---|---|---|
| Lev Mavashev | (212) 658-0979 | [email protected] |
| Yehuda Leser | (212) 658-0826 | [email protected] |
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