Listed by Matthews
$950,000
103 Vanderveer Street
Details
Property Type Land
Sub Type Residential, Commercial
Tenancy Vacant
Lot Size (SqFt) 2,500
Zoning R6
Investment Type Redevelopment
Development Site Opportunity | 5,500 BSF (ZFA)
Investment highlights
- Approved Plans: The DOB has approved plans for a 4-story, 8-unit multifamily building totaling ±5,470 SF of net residential area
- As of Right Development: R6 zoning designates base FAR of 2.20 (narrow street), allowing for up to ±5,500 buildable SF as of right
- City of Yes / UAP Development: UAP bonus affords an FAR increase to 3.90, allowing for up to 9,750 BSF in exchange for affordability requirements
- Delivered Vacant: The property will be delivered vacant at closing, providing a clean slate for development
- Public Transportation: Just 2 blocks from the L-train at the Bushwick/Aberdeen stop, and 5 blocks from the A/C/J/Z/LIRR trains at Broadway Junction
Listing Contacts
Listed by Matthews
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