Brownsville Assemblage

Brooklyn, NY

For Sale

$22,000,000

OVERVIEW

LOCATION:
, Brooklyn, NY 11212

Neighborhood: Brownsville

Asset Type: Mixed Use

# of Buildings: 12

Buildable Sq Ft: 256,000

Building Sq Ft: 111,000

 

Description

As exclusive agent for ownership, Besen & Associates is pleased to present information regarding the rare opportunity to purchase a 256,000± BSF assemblage in Brownsville, Brooklyn.

 

Local retailers include: GameStop, Foot Locker, V.I.M., The Children’s Place, Jimmy Jazz, Chase Bank, T-Mobile, Planet Fitness, Domino’s Pizza, Ashley Stewart, Sprint, Rite Aid and Dollar Tree.

 

PROPERTY ADDRESSES

31-41 Belmont Avenue, 43 Belmont Avenue, 47 Belmont Avenue, 121 Osborn Street, 123 Osborn Street, 127 Osborn Street, 129 Osborn Street, 132 Osborn Street, 133 Osborn Street, 134 Osborn Street, 135 Osborn Street, 136 Osborn Street, 137 Osborn Street, 138-150 Osborn Street, 141-143 Osborn Street, 148 Watkins Street and 152 Watkins Street, Brooklyn, NY 11212

 

Existing 111,000± BSF | Proposed 256,000± BSF | 10,000± Dollar Tree

 

ZONING HIGHLIGHTS

The 17 properties are currently zoned R6 with C1-3 or C4-3 overlays, containing a maximum residential F.A.R. of 2.43. Ownership indicates that the properties will be rezoned to R7D, resulting in a maximum residential F.A.R. of 4.20.

 

Permitted uses for properties located in R7D zones are grouped into four (4) Use Groups:

 

Use Group 1

Single-family detached residential development

 

Use Group 2

All other types of residential development designed for permanent occupancy

 

Use Group 3

Community facilities, such as schools, libraries, museums, college dormitories, nursing homes and residential facilities for special needs populations

 

Use Group 4

Community facilities, such as houses of worship, community centers, hospitals, ambulatory health care facilities and nonprofit facilities without sleeping accommodations

 

Nearby Transportation

The properties are located just one block from the bustling retail of Pitkin Avenue, and within walking distance to the Sutter Avenue L subway train and the Rockaway Avenue and Junius Street 2, 3 & 4  subway trains. MTA bus lines surround the assemblage including the B14 Pitkin Avenue & the B60 Rockaway Avenue bus stops.