$1,198,000
Active
1 days on market
2875 West 16th Street St
📍 Brooklyn, Brooklyn, NY 11224
Other
Type
About this property
Prime Brooklyn Development Opportunity! Great Opportunity for builders and investors! This oversized 40x118 property offers 4,750 Sq. Ft. of land with R6 zoning and C1-2 commercial overlay. The property offers approximately 10,450 buildable Square. Ft. as of right with potential for up to 18,525 Sq. Ft. under the affordable housing incentive program or 22,800 Sq. Ft. for a qualifying community facility. Located in a designated Federal Opportunity zone. Excellent opportunity for residential or mixed-use development! All zoning and development potential should be independently verified by a licensed architect.
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Amenities & features
Key facts
R6 zoning
Buildable land
4,720 sq ft lot
Property details
Property typeOther
Listing statusActive
Lot size4,720 sqft
Days on market1 days
MLS #504875
Estimated monthly payment
Listing price$1,198,000
Down payment (20%)$239,600
Loan amount$958,400
Principal & interest (7%, 30yr)$6,376/mo
Property tax (est.)$1,165/mo
Home insurance (est.)$499/mo
Estimated total$8,040/mo
Estimates only. Contact a lender for accurate figures. Does not include closing costs or PMI.