8402-8420 New Utrecht Ave, Brooklyn

Description

OFFERING MEMORANDUM

PRIME DEVELOPMENT SITE

LOCATION

Block 6326 Lots 50 & 59

DEVELOPMENT SCENARIOS

Can Build approximately: 79,000 ± SF of Community Facility or Mixed-Use Residential, including parking

RENTAL RATE

Long Term Ground Lease

ZONING

Lot 50: R5 residential district – Allows Residential, Community Facility Use
Maximum FAR: Residential – 1.25, Community Facility Use – 2.0*
(With a deep front yard and wide side yard there’s a bonus that equates to 2.4*maximum)

Lot 59: C2-2 Overlay in R5 Residential District – Allows Residential, Commercial Community Facility Use

Maximum FAR: Residential – 1.25, Commercial – 1.0, Community Facility Use – 2.0*
(With a deep front yard and wide side yard there’s a bonus that equates to 2.4* maximum)

Parking requirement depends on number of residential units and square footage of community facility portion

*Community Facility FAR Per Zoning Analysis by NSC Architecture P.C.*