Residential Development Site in Cypress Hills

2929 Atlantic Avenue, Brooklyn, NY

$5,000,000

Price

15,000 sqft

Building Size

R8A/C2-4, EC-5

Zoning

Overview
Building Size
15,000 sqft
Zoning
R8A/C2-4, EC-5
Buildable Area
55,032 sqft
Description

2929 Atlantic Avenue is a residential development site positioned along one of the busiest corridors in Cypress Hills, Brooklyn.
Located within the East New York rezoning plan approved in 2016, 2929 Atlantic Avenue has a 15,000 SF existing building sitting on a 7,643 SF lot. The property is zoned R8A/C2-4, EC-5 with a 7.2 FAR allowing for 55,032 ZFA. The new zoning allows for a mixed-use property with retail on the ground floor and residential with Mandatory Inclusionary Housing above.

The property is three blocks from the J subway line at Cleveland Street and ideally located nearby Broadway Junction, which provides easy access to the A, C, L, J and Z trains. The property is also
easily accessible by the Jackie Robinson Parkway.


Location
Gallery