Condo, 8 HOWARD Avenue #LOT, Stuyvesant Heights - Real Estate New York

Description

Prime Development Opportunity in Bedford-Stuyvesant

Seize a rare investment opportunity in the heart of Brooklyn! Rare opportunity to acquire a 4,195 SF development lot in Bedford-Stuyvesant, adjacent to the Gates Avenue subway stop at Broadway and Howard Avenue.

Key Property Details:

Zoning: R7A

Floor Area Ratio (FAR): 4

Max Allowable Floor Area: 16,780 SF

Bonus Floor Area (for Affordable Housing): 5,537.4 SF

Total Development Potential: 22,317.4 SF

Max Building Size: 2,517 SF

Strategic Location & Unmatched Connectivity

Nestled in Bedford-Stuyvesant, this site benefits from easy access to multiple subway lines (A, C, J, M, Z) and several bus routes, ensuring seamless commuting throughout Brooklyn and Manhattan. The area's ongoing transformation has led to rising property values, a diverse community, and a flourishing local economy.

Affordable Housing Opportunity

Located within an Inclusionary Housing designated area, developers can take advantage of a bonus in floor area by designating units as affordable housing, maximizing the project's potential.

Endless Development Possibilities

With a strong demand for housing, excellent transit accessibility, and a thriving neighborhood, this opportunity offers an exceptional opportunity for developers looking to create a high-value residential or mixed-use project in one of Brooklyn's most sought-after locations.

Listing courtesy of Douglas Elliman Real Estate ...
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