FOR SALE OR GROUND LEASE
Prime Opportunity Zone Development Site with 154,729 BSF | Close Proximity to Columbia’s Manhattanville Campus, Transportation, and Harlem’s Factory District
Project-Based Section 8 Multifamily Property with 60 Units and an Existing FHA Loan
The submarket reports are an in-depth look at the specific Investment Sales markets in Brooklyn, Bronx, Manhattan, Northern Manhattan and Queens.
We seek to provide our readers with an overview of the market activity, benchmark transactions, and pricing trends that impact each individual real estate market.
Bedford-Stuyvesant Prime Corner Lot Development Opportunity with Approved Plans: 88-90 Tompkins Avenue
The lot size is 42.5’x90’ and is zoned R7D/C2-4. The FAR is 4.20 as-of-right or 5.60 with the inclusionary housing bonus. Therefore, the total buildable are 16,065 SF and 21,420 SF, respectively. So far, the foundation for the building has been laid.
Corner Free Market Mixed Use Building: 552 Grandview Avenue
552 Grandview Avenue is a 3-unit mixed-use property located equidistant from the major thoroughfares, Metropolitan Avenue, Fresh Pond Road, and Myrtle Avenue. The subject property is 2 stories and spans 3,938 square feet, containing two (2) spacious residential units, and one retail tenant.
Prime Williamsburg Development Opportunity: 621-623 Union Avenue
Located in a highly desirable location of Williamsburg, 621-623 Union Avenue is located directly across from McCarren Park. Residential rents in the neighborhood approach $70/SF and condominium sales are in the range of $1,400-1,600/SF.