288 Willoughby Avenue - SETUP
Development – Brooklyn
288 Willoughby Avenue, Brooklyn, NY 11205 8,247 BSF As of Right or 10,996 BSF with Inclusionary Bedford-Stuyvesant Property Information Address: Neighborhood: Cross Streets: Block_Lot: Lot Size: Lot SF: Building Class: Zoning:
288 Willoughby Avenue Brooklyn, NY 11205 Bedford Stuyvesant Taaffe Pl / Kent Ave 1925_29 26.56 ft x 90 ft 2,390 V0 R7A
As-of-Right FAR: As-of-Right BSF:
3.45 8,247
Inclusionary FAR: Gross BSF:
4.6 10,996
Tax Assessment (14/15): Annual Taxes (14/15):
$3,724 $715
For more information, please contact Exclusive Marketing Team
Ofer Cohen
Founder & President [email protected]
Dan Marks
Partner [email protected]
Adam Courtney
TerraCRG has been retained to exclusively represent ownership in the sale of a residential development site at 288 Willoughby Avenue in prime Bedford-Stuyvesant Brooklyn. The R7A zoned 2,390 square foot lot measures 26.5 ft x 90 ft. As of right buildable square feet is 8,247 or 10,996 BSF with inclusionary. The site is perfect for a single family townhouse or a multi-unit rental/condo building. Several new construction buildings have gone up in the area and prices for both rental and condos are steadily increasing.
Associate Vice President [email protected]
718-768-6888
The site is located across the street from a beautiful historic church and is just a few blocks from the Classon Ave. G train and a 7 minute walk to the C train at Franklin Ave. Bedford Stuyvesant is one of the most dynamic real estate submarkets in New York. Dollar volume for commercial transactions in Bedford-Stuyvesant exceeded $475 Million in 2015. In particular, this specific section of Bedford-Stuyvesant has seen an enormous influx of a new residents which are pushing rents and sales of condos and brownstones to compete with more established areas such as Fort Greene, Clinton Hill and Prospect Heights. To these new residents, Bed-Stuy is quickly becoming a highly desirable first choice destination, rather than an affordable alternative to other neighborhoods. Condo prices in the immediate area are projected between $800 to $1,000/SF, rental rates have been climbing north of $50/SF, and brownstones have started achieving prices above $2 million. There are many newer exciting retailers that have opened in the area, in order to cater to the new buyers and renters in the area, including: Choice Market, the Black Swan, Dough Bakery, Pilar Cuban Eatery, Colador Café, Nero Dero etc. There are also many national retailers within very close proximity to the property including Home Depot and Chase Bank.
N 288 Willoughby Avenue
Asking Price
$2,250,000 TerraCRG I Licensed Real Estate Broker I 634 Dean Street, Brooklyn, NY 11238 I P: 718-768-6888 I F: 718-768-6288 | terracrg.com The information provided herein has either been given to us by the owner of the property or was obtained from sources we deem reliable. We do not guarantee the accuracy of any information. All zoning, existing square feet of buildings, available buildable square feet, permitted uses and any other information provided herein must be independently verified by prospective purchasers. The value of any real estate investment is dependent upon a variety of factors, including income, vacancy rates, expense estimates, tax brackets and general market assumptions, all of which should be evaluated by your tax advisor and/or legal counsel. Prospective buyer and tenants should carefully verify each item of information herein.
Citi Bike
288 Willoughby Avenue, Brooklyn, NY 11205 8,247 BSF As of Right or 10,996 BSF with Inclusionary Bedford-Stuyvesant Property Information Address: Neighborhood: Cross Streets: Block_Lot: Lot Size: Lot SF: Building Class: Zoning:
288 Willoughby Avenue Brooklyn, NY 11205 Bedford Stuyvesant Taaffe Pl / Kent Ave 1925_29 26.56 ft x 90 ft 2,390 V0 R7A
As-of-Right FAR: As-of-Right BSF:
3.45 8,247
Inclusionary FAR: Gross BSF:
4.6 10,996
Tax Assessment (14/15): Annual Taxes (14/15):
$3,724 $715
For more information, please contact Exclusive Marketing Team
Ofer Cohen
Founder & President [email protected]
Dan Marks
Partner [email protected]
Adam Courtney
TerraCRG has been retained to exclusively represent ownership in the sale of a residential development site at 288 Willoughby Avenue in prime Bedford-Stuyvesant Brooklyn. The R7A zoned 2,390 square foot lot measures 26.5 ft x 90 ft. As of right buildable square feet is 8,247 or 10,996 BSF with inclusionary. The site is perfect for a single family townhouse or a multi-unit rental/condo building. Several new construction buildings have gone up in the area and prices for both rental and condos are steadily increasing.
Associate Vice President [email protected]
718-768-6888
The site is located across the street from a beautiful historic church and is just a few blocks from the Classon Ave. G train and a 7 minute walk to the C train at Franklin Ave. Bedford Stuyvesant is one of the most dynamic real estate submarkets in New York. Dollar volume for commercial transactions in Bedford-Stuyvesant exceeded $475 Million in 2015. In particular, this specific section of Bedford-Stuyvesant has seen an enormous influx of a new residents which are pushing rents and sales of condos and brownstones to compete with more established areas such as Fort Greene, Clinton Hill and Prospect Heights. To these new residents, Bed-Stuy is quickly becoming a highly desirable first choice destination, rather than an affordable alternative to other neighborhoods. Condo prices in the immediate area are projected between $800 to $1,000/SF, rental rates have been climbing north of $50/SF, and brownstones have started achieving prices above $2 million. There are many newer exciting retailers that have opened in the area, in order to cater to the new buyers and renters in the area, including: Choice Market, the Black Swan, Dough Bakery, Pilar Cuban Eatery, Colador Café, Nero Dero etc. There are also many national retailers within very close proximity to the property including Home Depot and Chase Bank.
N 288 Willoughby Avenue
Asking Price
$2,250,000 TerraCRG I Licensed Real Estate Broker I 634 Dean Street, Brooklyn, NY 11238 I P: 718-768-6888 I F: 718-768-6288 | terracrg.com The information provided herein has either been given to us by the owner of the property or was obtained from sources we deem reliable. We do not guarantee the accuracy of any information. All zoning, existing square feet of buildings, available buildable square feet, permitted uses and any other information provided herein must be independently verified by prospective purchasers. The value of any real estate investment is dependent upon a variety of factors, including income, vacancy rates, expense estimates, tax brackets and general market assumptions, all of which should be evaluated by your tax advisor and/or legal counsel. Prospective buyer and tenants should carefully verify each item of information herein.
Citi Bike
