Contacts
Shimon Shkury
Ariel Property Advisors
(212) 544-9500 x 11
Michael A. Tortorici
Ariel Property Advisors
(212) 544-9500
Sean R. Kelly
Ariel Property Advisors
(212) 544-9500 x 59
Victor Sozio
Ariel Property Advisors
(215) 544-9500
David Khukhashvili
Ariel Property Advisors
(212) 544-9500 x 77
Property Details
- Property Type Mixed Use
- Property Size 120,000 SF
- Lot Size 0.26 Acre
- Year Built 2020
- Date Updated Mar 11, 2021
THE OPPORTUNITY Ariel Property Advisors has been retained to market the disposition of 120,000 square feet of inclusionary air rights (IARs) in Brooklyn’s Community Board 2. This offering is an opportunity for owners of eligible properties, or “receiving sites,” to significantly enlarge the size of market rate developments located in Community Board 2 or within a ½-mile radius of the generating site (112 St. Edwards Street in Fort Greene, Brooklyn). For example, properties located within an R10 (or equivalent) zoning district can benefit from an increase in FAR from 10.0 to 12.0. Additionally, properties within an Inclusionary Housing Designated Area are eligible receiving sites.
These inclusionary air rights provide an outstanding opportunity to maximize both the floor area and value of a development site.
INCLUSIONARY AIR RIGHTS 120,000 buildable square feet that can be sold partially or in their entirety.
GEOGRAPHIC VIABILITY Only properties that meet the IAR requirements in Brooklyn’s Community Board 2 or within a ½-mile radius of the generating site are eligible receiving sites.
APPLICABLE ZONING IN CB2 Eligible receiving sites are in either R10 (or commercially equivalent) zoning districts or in Inclusionary Housing Designated Areas.
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Getting around
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96/100
Walk Score ®
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100/100
Transit Score ®
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93/100
Bike Score ®
Location
- City Brooklyn, NY
- Neighborhood Fort Greene
- Zip Code 11205
- Market Brooklyn
Points of Interest
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DeKalb Avenue
0.30 miles
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Nevins Street
0.38 miles
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Hoyt Street
0.43 miles
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Jay Street–MetroTech
0.43 miles
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Fulton Street
0.48 miles
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brooklyn taxi company
0.50 miles
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Hoyt–Schermerhorn Streets
0.52 miles
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Lafayette Avenue
0.55 miles
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Borough Hall
0.62 miles
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Atlantic Terminal
0.63 miles
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Mobil
0.29 miles
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Emporium
0.52 miles
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Tesla Supercharger
0.72 miles
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Shell
0.76 miles
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Blink
0.80 miles
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Citgo
0.87 miles
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Shell
0.90 miles
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BP
0.94 miles
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Citgo
0.97 miles
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ChargePoint
1.16 miles
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NYPD Brooklyn Tow Pound
0.51 miles
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Car Park Systems
0.53 miles
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Edison ParkFast
0.57 miles
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Sunny
0.66 miles
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Edison ParkFast
0.69 miles
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MPG
0.73 miles
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The Parking Club
0.85 miles
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Park Kwik
0.86 miles
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Cielo Garage
0.98 miles
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Underhill Garage
1.30 miles
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Hampton
0.34 miles
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Hotel Indigo
0.37 miles
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Aloft - W Hotel
0.38 miles
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Sheraton Brooklyn
0.39 miles
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The Tillary Hotel
0.39 miles
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Even Hotel Brooklyn, an IHG Hotel
0.47 miles
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Holiday Inn Brooklyn Downtown
0.50 miles
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New York Marriott at the Brooklyn Bridge
0.53 miles
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Hilton
0.60 miles
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Nu Hotel
0.67 miles
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Bravo
0.24 miles
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NYC Fresh Market
0.26 miles
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Trader Joe's
0.30 miles
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Gold Organic Farm
0.31 miles
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City Point
0.32 miles
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Green-Ville Garden
0.34 miles
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Wegmans
0.35 miles
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Cookie's
0.39 miles
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TJ Maxx
0.43 miles
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Macy's
0.46 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
