817 Avenue H Development Opportunity
817 Avenue H Development Opportunity
Marketing description
BKREA has been exclusively retained to arrange the sale of 817 Avenue H (“The Site”). Represents a prime residential development opportunity in Brooklyn’s Midwood neighborhood.
Location Details
Situated on the southeast corner of Avenue H and East 9th Street.
Positioned at the intersection of Midwood and Flatbush, two of Brooklyn’s most established and demand-driven residential communities.
Prominent corner frontage offering strong visibility and neighborhood presence.
Existing Improvements
Lot Size: 12,000 square feet.
Currently improved with an approximately 9,762 square foot building.
Occupied by the Agudist Council of Greater New York.
Zoning & Development Potential
Recently rezoned to R7A/C2-4.
Permitted:
Residential FAR: 5.01
Commercial FAR: 2.0
Allows for approximately 60,120 square feet of maximum as-of-right residential ZFA.
Property is subject to Mandatory Inclusionary Housing (MIH) requirements.
Requires a designated percentage of residential floor area to be set aside as permanently affordable housing under the applicable MIH option.
Opportunity Highlights
Prime corner development site in a strong residential corridor.
Significant as-of-right residential buildable area.
Recently rezoned asset with enhanced density.
Long-term value supported by strong neighborhood fundamentals.
Ideal opportunity for developers seeking scale in a well-established Brooklyn submarket.
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