Covered Land Opportunity with 100% Bonus Depreciation & BCP Value

Highlights:

• Expansive 13,770 SF lot featuring 137’ of highly visible frontage along prime Bruckner Blvd, positioned between Brook Ave and St. Ann's Ave
• Covered land opportunity, currently operating as a gas station with a lease expiring in 2028, providing stable interim cash flow
• The R8A / M1-5 / MX-1 zoning designation offers a robust 6.02 FAR, allowing for 82,895 "as-of-right" BSF
• Ideally positioned to capitalize on the City of Yes UAP program, potentially increasing total density to 99,144 BSF
• The site’s "E" designation presents a high-value opportunity to capture significant incentives and tax credits through the NYS Brownfield Cleanup Program (BCP)
• The property positions investors to benefit from 100% bonus depreciation by acquiring an existing gas station
• Immediate access to major transportation arteries, including the Bruckner Expressway and the nearby 6 subway line, providing seamless commutes to Manhattan and beyond

Documents: