Residential Development Opportunity!
Prime development opportunity for investors looking to tap into the Brownsville market. The 4,256 Sq Ft lot allows for an approximate buildable sq ft of 10,342 Sq Ft. A single-family residence sits on the site at the moment, which will be delivered vacant upon closing.
The enlarged lot size of 28 x 152 is a great opportunity to build an approximate 6-story building with 10+ residential units. Zoning for the property is R6, C1-3, with a FAR of 2.43 and 4.8 for community facilities. Additionally, the property is situated in an investment opportunity zone (OPZ), offering potential benefits.
This potential development is conveniently located near restaurants, schools, and parks and between Saratoga Ave and Sutter Ave-Rutland Rd subway stations(3 train). You'll find new developments planned along the changing corridor.
Please check with your architect to verify zoning requirements.
Zoning: R6, C1-3
FAR: 2.43
LOT SQFT: 4,256
