Brooklyn Development Site

For Sale

Address: 114 Lexington Avenue

Cross Street: Between Franklin and Classen Avenues

Neighborhood: Bedford Stuyvesant, Brooklyn

Size: 7,250 SF foot lot, 19,000 Buildable Feet

Sale Price: Upon Request

Sale Price per RSF: Upon Request

Taxes:  $24,152 Combined

Notes: Two rectangular lots comprising a lot area of 7,250 square feet. The total buildable area is 19,000 square feet. Lot 32 has a zoning designation of R6A with FAR of (3) with a buildable area of 13,500 SF. Lot 31 is designated R6B and so retains FAR of 2 and buildable area of 5,500 SF. Since 2010, 16 new developments have been completed within three blocks of the subject property, five of them on the same block of Lexington Avenue, with a of total 287 new units completed or permitted.

Census records indicate that the population within one mile of 114 Lexington has grown by 13.8% since the 2010 census and that the population will grow an additional 3.8% by 2023. 

Records indicate that Lot 32 was merged with Lot 33 in November, 1957 and resides more than 50% in the R6A Zone. Buyer should independently verify zoning and permissible buildable area.

Contact Michael Pinney pinney@signaturepartners.com, 212.813.3573

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Surrounded by new development

The site is surrounded by new development

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