$800,000
$750,000
6.7%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
1 Bath
1,116 SqFt
SOLD DATE : 07/24/2024
Key Details
Sold Price $800,000
Property Type House
Sub Type Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,116 sqft
Price per Sqft $716
Subdivision Brownsville
MLS Listing ID COMP-1518283874080048737
Sold Date 07/24/24
Bedrooms 2
Full Baths 1
HOA Y/N Yes
Year Built 1986
Annual Tax Amount $4,128
Property Description
Residential Development Opportunity!
Prime development opportunity for investors looking to tap into the Brownsville market. The 4,256 Sq Ft lot allows for an approximate buildable sq ft of 10,342 Sq Ft. A single-family residence sits on the site at the moment, which will be delivered vacant upon closing.
The enlarged lot size of 28 × 152 is a great opportunity to build an approximate 6-story building with 10+ residential units. Zoning for the property is R6, C1-3, with a FAR of 2.43 and 4.8 for community facilities. Additionally, the property is situated in an investment opportunity zone (OPZ), offering potential benefits.
This potential development is conveniently located near restaurants, schools, and parks and between Saratoga Ave and Sutter Ave-Rutland Rd subway stations(3 train). You'll find new developments planned along the changing corridor.
Please check with your architect to verify zoning requirements.
Zoning: R6, C1-3
FAR: 2.43
LOT SQFT: 4,256
Location
State NY
County Kings
Interior
Interior Features Breakfast Bar
Flooring Hardwood
Furnishings Unfurnished
Fireplace No
Laundry See Remarks
Exterior
Parking Features Private
Private Pool No
Building
Story 2
New Construction No
Others
Pets Allowed Pets Allowed
Ownership None
Monthly Total Fees $344
Pets Allowed Building No, Cats OK, Dogs OK
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RLS Data display by Elegran | Forbes Global Properties