Type:
Multifamily
Units:
Property Description
Investment Property Realty Group (IPRG) has been exclusively retained to sell 1259 St Marks Avenue. The subject property is located between Rochester Ave & Buffalo Ave in Crown Heights, Brooklyn.
The lot dimensions are approx. 50’ x 127.75’ (Irregular – 6,584 SF). The R6 zoning allows for 14,485 buildable SF of residential development based on the 2.2 FAR.
There is an existing free-market, 2-unit structure on the lot built approx. 25’ x 32’. The building offers 2.5 stories above grade with a first floor duplex. The property will be delivered completely vacant.
The 50’ of frontage is ideal for ground-up development. Additionally, the site offers creative value-add potential through renovation of the existing building and potential to split the tax lots and transfer additional air rights.
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Block & Lot:
01356-0075
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Neighborhood:
Crown Heights
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Cross Streets:
Rcohester & Buffalo Avenue
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Building Dimensions:
25 ft X 32 ft
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Lot Dimensions:
50 ft X 127.75 ft
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Units:
2
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Zoning:
R6
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FAR:
2.2
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Tax Class:
1
