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118 Newjersey Ave, Brooklyn, NY 11207

$2,280,000
Listing Details:
$2,280,000 Price
Townhouse Property Type
East New York Neighborhood
9 Beds
5 Baths
-- Approx. Sq. Ft.
$2,933 RET
Key Features:
Garage
Unit Garden
Description:

118 New Jersey is presently configured as a three family with five garages in rear with a cement courtyard and driveway, large electric gate for a 360 degree private area. The unused FAR of 17,950 creates a development opportunity for an investor or end user. One stop from Broadway Junction, this is next area for commercial development.

lot size: 5000 sq ft
Zoned: C4-L4, EC-6, and is also in a special use district, so a community building such as a church or school would be acceptable.
Commercial FAR: 4
Facility FAR: 4

https://www1.nyc.gov/site/planning/plans/east-new-york/east-new-york-1.page
As you can see 118 New Jersey is part of the East New York Development Plan. You could get in on the ground floor of the development project and reap the rewards as the value increases.

Listing courtesy of KWNYC Tribeca

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