Listing courtesy of Douglas Elliman Real Estate - Park Plaza
8 Howard Avenue, #LOT, Brooklyn, (Stuyvesant Heights), NY, 11221
1 beds
1 Full / 1 Half baths
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 ConnectivityNestled 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 OpportunityLocated 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 PossibilitiesWith 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.
Status:
Active
Town:
Brooklyn
Type:
Lot / Acreage
Laundry Remarks:
None
Building Type:
Vacant Lot
Cooling:
Unknown Type
Maintenance:
0.0000
Pet Policy:
No Pets
Building Access:
None
Service Level:
None
OLR #:
RPLU5123395795
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