149 Rockaway Avenue | Shovel-Ready Opportunity Zone Development Site with Approved Plans for 6 Apartments & Retail

Rockaway Avenue presents a rare opportunity to acquire a shovel-ready mixed-use development site in the heart of Central Brooklyn just steps from the C subway! Situated on a 1,950-square-foot lot (19.5' × 100'), the property is zoned R6/C2-3 and is being delivered 100% vacant LAND with approved plans for a four-story mixed-use building totaling 4,125 buildable square feet, consisting of 6 residential apartments and 1 ground-floor retail space.

With no existing structures to demolish, developers can begin construction immediately, significantly reducing both time and development costs. The site's efficient dimensions and flexible mixed-use zoning make it well suited for rental housing, condominium development, workforce housing, or a mixed-use project with neighborhood-serving retail.

The property also offers meaningful future upside. Under the proposed City of Yes zoning reforms, the allowable Floor Area Ratio (FAR) may increase from 2.20 to 3.90, creating the potential for substantially greater residential density and long-term value.

Prime Brooklyn Location

Ideally positioned just half a block from the C subway line and only four blocks from Broadway Junction—Brooklyn's premier transportation hub—the property offers convenient access to Downtown Brooklyn, Williamsburg, Lower Manhattan, JFK Airport, and the greater New York City metropolitan area. Commute times of approximately 20–30 minutes make the location highly desirable for both residents and commercial tenants.

Further enhancing the investment profile, the property is located within a federally designated Opportunity Zone, providing qualified investors with the potential to realize significant federal tax benefits through eligible Opportunity Zone investments.