Approved Zoning Authorization: the property has an approved zoning authorization via the City Planning Commission, allowing for residential development based on R6B zoning (despite falling within the M1-4D zoning district)
Development Potential:
As of Right: R6B zoning designates base FAR of 2.00, allowing for up to 10,600 buildable SF as of right
City of Yes / UAP: UAP development affords an FAR increase to 2.40, allowing for up to 12,720 BSF in exchange for affordability requirements
Delivered Vacant: There is an existing 2,680 SF two-family structure on the property, which will be delivered vacant at closing
Public Transportation: Just 3 blocks from the Halsey Street L train offering direct access to Williamsburg and Manhattan within 25 minutes