Asking Price: $2,990,000 995 President Street Brooklyn, NY
995 President Street Brooklyn, NY CROWN HEIGHTS
~11,525 SF Residential Development Site FOR SALE
S
Asking Price: $2,990,000 N ST
REE T
PRE SID
EN T
FRAN
KLIN
AVEN U
S
STR EET
Location:
995 President Street, Brooklyn, NY 11225
Block / Lot:
1187 / 63
Lot Dimensions:
25’ x 131’ (approx.)
Lot Size:
3,275 sq. ft. (approx.)
Zoning:
R6A
FAR:
3.00
Square Footage:
E
UNIO
Building Features
Buildable Sq. Ft.:
9,825 sq. ft. (approx.)
Additional Air Rights:
1,700 sq. ft. (approx.)
Total Buildable Sq. Ft.:
11,525 sq. ft. (approx.)
Assessment (15/16):
$21,349
Taxes (15/16):
$4,175
Property Highlights
enue
995 President Street
rd Av
The 25’ x 131’ site benefits from a total of 11,525 buildable sq. ft., which consist of 9,825 as-of-right buildable sq. ft., plus an additional 1,700 sq. ft. of air rights that have been acquired from a neighboring property. The subject property is currently improved by a vacant 2-story, 2,424 square foot structure. Additionally, current ownership has obtained and the offering will be delivered with MTA approvals for demolition and shutoffs for Con-Edison, National Grid and Water/Sewer.
Bedf o
Fran klin A venu e
to Washing
Prospect Park
e n Avenu
S
Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 995 President Street, an approximately 11,525 buildable square foot residential development opportunity in Crown Heights. The site is central to iconic Brooklyn landmarks, public transportation, and sits just one block from Prospect Park.
BLOCK 1187
131’
55
PRESIDENT STREET
63
25’
1,700 SF transferred Lot 55
FRANKLIN AVENUE
CLASSON AVENUE
UNION STREET
Not only is the site adjacent to one of New York City’s top rated public schools, the Brooklyn Academy of Science & the Environment; 995 President Street has paramount positioning one block away from Prospect Park’s Botanical Gardens, as well as 5 separate subway lines – 2, 3, 4, 5, and S. 995 President Street presents an incredible opportunity for investors and developers to secure a residential development site in one of Brooklyn’s most sought after enclaves.
For More Information, Please Contact: Stephen P. Palmese
Michael Amirkhanian
Robert Moore
McNally Lee
Vice Chairman
Executive Director
Associate Director
Associate
(718) 307 6552
(718) 606 7073
(718) 606 7046
(718) 606 7050
[email protected]
[email protected]
[email protected]
[email protected]
Cushman & Wakefield 205 Montague Street 3rd Floor
Brooklyn, New York 11201 phone: +1 718 238 8999 nyinvestmentsales.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
~11,525 SF Residential Development Site FOR SALE
S
Asking Price: $2,990,000 N ST
REE T
PRE SID
EN T
FRAN
KLIN
AVEN U
S
STR EET
Location:
995 President Street, Brooklyn, NY 11225
Block / Lot:
1187 / 63
Lot Dimensions:
25’ x 131’ (approx.)
Lot Size:
3,275 sq. ft. (approx.)
Zoning:
R6A
FAR:
3.00
Square Footage:
E
UNIO
Building Features
Buildable Sq. Ft.:
9,825 sq. ft. (approx.)
Additional Air Rights:
1,700 sq. ft. (approx.)
Total Buildable Sq. Ft.:
11,525 sq. ft. (approx.)
Assessment (15/16):
$21,349
Taxes (15/16):
$4,175
Property Highlights
enue
995 President Street
rd Av
The 25’ x 131’ site benefits from a total of 11,525 buildable sq. ft., which consist of 9,825 as-of-right buildable sq. ft., plus an additional 1,700 sq. ft. of air rights that have been acquired from a neighboring property. The subject property is currently improved by a vacant 2-story, 2,424 square foot structure. Additionally, current ownership has obtained and the offering will be delivered with MTA approvals for demolition and shutoffs for Con-Edison, National Grid and Water/Sewer.
Bedf o
Fran klin A venu e
to Washing
Prospect Park
e n Avenu
S
Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 995 President Street, an approximately 11,525 buildable square foot residential development opportunity in Crown Heights. The site is central to iconic Brooklyn landmarks, public transportation, and sits just one block from Prospect Park.
BLOCK 1187
131’
55
PRESIDENT STREET
63
25’
1,700 SF transferred Lot 55
FRANKLIN AVENUE
CLASSON AVENUE
UNION STREET
Not only is the site adjacent to one of New York City’s top rated public schools, the Brooklyn Academy of Science & the Environment; 995 President Street has paramount positioning one block away from Prospect Park’s Botanical Gardens, as well as 5 separate subway lines – 2, 3, 4, 5, and S. 995 President Street presents an incredible opportunity for investors and developers to secure a residential development site in one of Brooklyn’s most sought after enclaves.
For More Information, Please Contact: Stephen P. Palmese
Michael Amirkhanian
Robert Moore
McNally Lee
Vice Chairman
Executive Director
Associate Director
Associate
(718) 307 6552
(718) 606 7073
(718) 606 7046
(718) 606 7050
[email protected]
[email protected]
[email protected]
[email protected]
Cushman & Wakefield 205 Montague Street 3rd Floor
Brooklyn, New York 11201 phone: +1 718 238 8999 nyinvestmentsales.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
