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149 Rockaway Avenue, Brooklyn, NY, 11233

149 ROCKAWAY AVE
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Highlights

INVESTMENT HIGHLIGHTS

  • Development Site: The property offers approximately 4,290 buildable square feet (BSF), with further development potential under R6/C2-3 zoning, providing flexibility for mixed-use residential and retail development.
  • Zoning Bonus Potential: With a Floor Area Ratio (FAR) of 2.20 and potential to reach 3.90 under the proposed “City of Yes” zoning initiative, the site presents a valuable opportunity to maximize buildable square footage and density.
  • Strategic Lot Dimensions: The lot measures 19.5’ x 100’, providing efficient design options for residential, retail, or community use spaces while maintaining street-level visibility.
  • Delivered Vacant: The property will be 100% vacant and unencumbered at closing. No structures exist on the property and no demolishing cost required.
  • Opportunity Zone Designation: The property falls within a designated Opportunity Zone, presenting significant tax advantages in the way of a deferred capital gains program. Funds must be invested by January 31, 2026.
  • Accessibility: One block to the C train and four blocks from Broadway Junction, the property offers swift access to Williamsburg and Lower Manhattan, with commute times ranging from 20 to 30 minutes.

Location

Agents

Broker of Record

Cory Rosenthal

License # 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203

Key Information

Tot. SF
4,290
Type
Land