1255 Atlantic Ave
- Development opportunity in Bedford-Stuyvesant, Brooklyn.
- Property is a mixed zoning with FAR 4.6 for C4-5D and FAR 5.0 for C4-5X.
- Property has 23,043.70 buildable SF as-of-right and up to 27,692 buildable square feet with City of Yes.
- Property can be developed without Mandatory Inclusionary Housing (MIH) by applying ZR 77-11, which allows R7D bulk regulations to govern the entire zoning lot, as R7D comprises over 50% of the lot and the R7X portion is less than 25 feet wide.
- Maximum total of 34 units.
- Property is located in a FRESH Zone.
- Property is located primarily outside of the mandatory inclusionary housing district.
- Includes an existing 4,952 SF commercial building.
- Located on Atlantic Avenue, a rapidly developing corridor.
- Close to Nostrand Ave [A, C] Subway Station and surrounded by residential and mixed-use developments.
Property Description
Asset CRG Advisors is pleased to present a development opportunity located at 1255 Atlantic Avenue, Brooklyn, NY 11216. Situated in the heart of Bedford-Stuyvesant, this property offers 23,587 buildable square feet as-of-right and up to 26,172 buildable square feet with City of Yes, presenting a prime opportunity for residential or mixed-use development. The site benefits from flexible zoning and excellent frontage along a rapidly developing corridor. Just steps from the Nostrand Avenue [A, C] Subway Station, the property offers seamless access to Downtown Brooklyn and Manhattan. The area is surrounded by new developments, vibrant retail, and strong residential demand, making it ideal for investors and developers looking to capitalize on continued neighborhood growth.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Price: | $3,600,000 |
| No. of Units: | 1 |
| Year Built: | 1910 |
| Lot Size: | 0.11 Acres |
| Opportunity Zone: | No |
| Price per unit: | $3,600,000 |
| Property Website | Click Here |
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