Assignments

Gravesend Corner Condo Development Site

2109 Shore Pkwy, Brooklyn, NY 11214

2109 Shore Pkwy, Brooklyn, NY 11214

under contract

Asking
Sale Price
$
3250000

Property Details

Status
For Sale
Property Type
Residential Development Site
Price Summary
$
3250000
Sale Price
$
Buildable SF
15810
Building SF
15810
LOT SF
15810
Cap RATE
%
Zoning
R6 (WS)

Highlights

  • Prime Development Assemblage in Gravesend.
  • Combined lot dimensions of 54’x100’, located on a Corner
  • Zoned R6 (WS) Allows for 15,810 (Market) or 20,553 (UAP)
  • Both properties will be delivered vacant at closing.
  • Corner Status - 100% Lot Coverage
  • Close to Stillwell Ave & Bay 50th St Subway Station

Property DEscription

Discover an unparalleled development opportunity in the heart of Brooklyn’s coveted Gravesend neighborhood. This exceptionally rare assemblage of two contiguous lots, boasting a combined footprint of 54’x100’ and a total land area of 5,270 Sq. Ft., presents a unique chance to create a landmark project in a thriving, high-demand market.Strategically positioned on a prominent corner along wide, bustling Shore Parkway, this R6-zoned site unlocks up to 15,810 Sq. Ft. of as-of-right residential buildable space (FAR 3.0). By leveraging the Urban Area Program (UAP), developers can expand this potential to an impressive 20,553 Sq. Ft., offering unmatched flexibility for a visionary residential development. The corner lot designation further enhances its value, allowing for 100% Lot Coverage Ratio to maximize design possibilities.Currently home to two single-family residences totaling 1,580 Sq. Ft., both properties will be delivered vacant, providing a clean slate for immediate redevelopment. Surrounded by a wave of modern developments, this site is perfectly positioned to capitalize on Gravesend’s vibrant growth trajectory, fueled by strong housing demand and a dynamic community atmosphere.

Map

Enis Mustafa
Associate
(336) 970-7050
EM@landairnyc.com
Alexandre Goulet
Partner
(646) 559-4700
ag@landairnyc.com
Anand Melwani
Partner
(516) 658-1222
am@landairnyc.com

Documents

Offering Memorandum
Data Room

Request MOre info

Thank you - your request has been received!
Oops! Something went wrong while submitting the form.

Share to social