MLS#L3572348
STATUSActive
PROPERTY TYPECommercial - Multiple
Property Description
Welcome to an exceptional development opportunity in a thriving residential district. This 6,250 sq ft lot, perfectly situated with dimensions of 50 ft by 125 ft, offers a prime canvas for your next project. The property is located in the R7A zoning district, an area designated for medium-density residential development, providing a balanced blend of community charm and urban convenience.Key Features:Maximized Residential Buildable Area with Quality Housing : Under the Quality Housing Program, the maximum FAR can be increased. In an R7A district, the FAR can be increased to 4.0 for residential use if the development meets Quality Housing standards.. This property allows for a significant buildable area of up to 25,000 sq ft. This is an ideal opportunity to create a medium-density housing project that can meet the needs of the community while maximizing your investment potential.Strategic Location: Situated within an area that encourages medium-density development, this lot is poised for growth and transformation. The R7A zoning promotes the development of residential buildings and community facilities, making it a versatile choice for developers looking to create vibrant living spaces.Elevated Ground Position: The ground elevation of 46 ft provides a solid foundation for construction, ensuring stability and a commanding presence in the neighborhood.Development Potential:This property offers immense potential for a variety of development scenarios, whether you're looking to create a residential building with multiple units, a community facility, or a combination of both. The R7A zoning district's flexibility allows for innovative and impactful designs that can cater to modern urban living demand. Don't miss out on this rare opportunity to develop a significant residential project in a sought-after zoning district.
Property Features
Property Type: Commercial - Multiple
Lot Size: 0.14 Acres
Taxes: $0
Year Built: 1910
Feature Descriptions
Days on Site: 595
Lot Dimensions: 50x125
On Market Date: 2024-08-05
Parcel Number: 05100-0072
Rental Term: Monthly
Listed By / Shown By
Listing By
Agency Name: Coldwell Banker Reliable R E
Agency Contact: 718-921-3100
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
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Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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622 Ocean Avenue | MLS# L3572348
This commercial property located at 622 Ocean Avenue, Brooklyn, NY 11226 is currently listed for sale with an asking price of $5,500,000. Search Brooklyn real estate on www.coldwellbankerchoice.com today.