Listed by Pinnacle Realty of New York LLC
Unpriced
Prime Residential Development Opportunity
Details
APN 3041-21
Property Type Multifamily, Industrial
Sub Type Apartment Building, Investment
Square Footage 12,700
Tenancy Vacant
Year Built 1931
Stories 1
Lot Size (SqFt) 12,700
Zoning M1-4, R7A (MX-14)
Ground Lease No
Ceiling Height 14
Prime Residential Development Opportunity
Marketing description
Corner Property Located in the Heart of Belmont Near Arthur Avenue
Investment highlights
The Special Mixed-Use District (MX) was established in 1997 to encourage investment in, and enhance the vitality of, existing neighborhoods with mixed residential and industrial uses in close proximity and create expanded opportunities for new mixed-use communities.
Ideally positioned to capitalize on the City of Yes UAP program, allowing an increase in total buildable density.
• Lot Sq. Ft.: 12,700
• Existing Warehouse Sq. Ft.: 12,700
• Third Ave Frontage: 115’
• FAR (Standard): 4
• FAR (Facility): 4
• FAR (UAP): 4.8
• Buildable Sq. Ft. : 50,800
• Buildable Sq. Ft. (UAP): 60,960
• Tax Class: 4
• Real Estate Taxes 26/27: $43,582
Listing Contacts
Listed by Pinnacle Realty of New York LLC
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