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1256 Myrtle Avenue
Property Description
Location: Vacant development site located 1 min walk from Central M subway train entrance. Unique Parcel: The Property goes from Myrtle Avenue through to Cedar Street. It benefits from ingress and egress on two streets, allowing for greater flexibility and unique building layouts. Tax Class Protected: Zoning & FAR allow for an 8-family property to be built that would be subject to mandatory caps on tax increases. Speculative: Previous discussions to rezone Bushwick have paused. Had those plans materialized, Floor Area Ratio (FAR) would have grown to 4.2, making it possible to build a 15-unit property here.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Lot Size: | 0.06 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
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