Mixed use, 6 story, potentially 10 apartment, 20 bed/10 bath building for $1.650.000

33’ WIDE DEVELOPMENT SITE FOR SALE
OPPORTUNITY ZONE
PRIME DEVELOPMENT OPPORTUNITY
193-195 ROCKAWAY AVENUE
BROOKLYN, NEW YORK
•Location: East side of Rockaway Avenue between Atlantic Avenue andPacific Street
•Block: 1435
•Lots: 1, 2
•Lot Size: 33' x 100'
•Zoning: R6 (2.43) Height Limit 65’
•Buildable Sq. Ft: 7,292
•Taxes: (23/24) $9,011.32
Description: A 33’ wide development site off Atlantic Avenue which is allowed to be developed into a 7,292 square foot building. The new building can have a mixture of studios, one and two bedroom apartments. The new property can also be a mixed-use building with stores on the ground floor and apartments above. The original commercial space can be grand fathered into the new building. Ocean Hill is experiencing a lot of development in the town house and ground up development market. There will be a lot of demand for the site because of its size and proximity to the C train which is two blocks away. The area has fine retail stores and is within 30 minutes to the city. Potentially, it can be a six story building with 1215 Sq.Ft each floor with 10ft high, with two two-bedroom apartments in each floor, in total 10 two-bedroom apartments with a 1215 sq.ft store on the ground floor.ASKING PRICE: $1,650,000 OR $226.00 PER BUILDABLE SQUARE FOOT