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Property Description
IPRG is pleased to exclusively offer 99-101 16th Street, two prime lots with a curb cut, ideally situated between 3rd and 4th Avenue in Gowanus, Brooklyn.
The lots measure a total of 33 ft x 85 ft, providing 2,805 square feet of land, zoned R6B.
With a standard 2.0 floor area ratio (FAR), the as-of-right buildable area is approximately 5,610 square feet. By leveraging the City of Yes incentive, the FAR increases to 2.40, allowing for up to 6,732 buildable square feet.
The property is located in a Qualified Opportunity Zone and benefits from low annual taxes of $1,349.
This site offers development flexibility as it is not constricted to landmarks nor in the Gowanus Special Purpose District. It is steps away from 5th Avenue retail in Park Slope and Prospect Park.
It is also one block from the R train at Prospect Ave and steps to the 4th Avenue / 9th Street Subway station, serving the F, G, and R subway lines.
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Block & Lot:
01046-0058/0057
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Neighborhood:
Gowanus
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Cross Streets:
3rd Ave & 4th Ave
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Lot Dimensions:
33 ft x 85 ft
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Total Approx. SF:
2,805
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Zoning:
R6B
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Tax Class:
1
