77 St. Marks Avenue

Highlights:

• Lot Dimension: 21X116
• Tax Roll Number: 1143/90
• Annual Tax: $ 114390.0
• Average Occupancy Rate: 100.0
• Max Contiguous Area: 3150.0
• Appliances: Refrigerator
• Area Amenities: Outdoor Activities
• Body Of Water: River
• Exterior Description: Stone
• Fencing: Partially Fenced
• Flooring: Hardwood
• Garage Description: No Garage
• Heating Fuel Type: Gas
• Heating Type: Forced Air
• Location: Emerging Area
• Lot Description: Level
• Pre Wiring: Cable
• Road Type: City / Town Street
• Views: City / Strip
• Community Type: FHA Compliant

Description:

Prospect Heights is a charming and vibrant neighborhood in central Brooklyn, known for its mix of historic architecture, cultural institutions, and a lively, diverse community. It serves as a bridge between the more established brownstone neighborhoods to its west and the dynamic areas of Crown Heights and Clinton Hill to its east.


Key Characteristics:

Historic Architecture: Prospect Heights is famous for its beautiful, tree-lined streets featuring well-preserved brownstones and historic row houses built in styles like Italianate, Neo-Grec, and Romanesque Revival. Much of the neighborhood is part of the Prospect Heights Historic District, which has helped to maintain its classic Brooklyn character.

Cultural Hub: The neighborhood is a major cultural destination due to its proximity to some of Brooklyn's most significant landmarks:

Prospect Park: The neighborhood's namesake, this 585-acre park designed by Frederick Law Olmsted and Calvert Vaux offers a massive green space for recreation, relaxation, and events.

Grand Army Plaza: A majestic gateway to the park, featuring the iconic Soldiers' and Sailors' Memorial Arch and a popular Greenmarket on weekends.

Brooklyn Museum: One of the largest and most comprehensive art museums in the country.

Brooklyn Botanic Garden: A 52-acre garden featuring over 12,000 kinds of plants from around the world.

Barclays Center: A modern arena that hosts major concerts and is home to the Brooklyn Nets and New York Liberty.

Lively Avenues: While the interior streets are residential and quiet, the main commercial avenues—such as Flatbush, Vanderbilt, and Washington—are bustling with activity. These streets are filled with a wide array of critically acclaimed restaurants, cafes, bars, and unique mom-and-pop shops, making it a popular destination for dining and nightlife.

Diversity and Community: Prospect Heights has a rich history of ethnic diversity and has seen significant demographic shifts over the years. It has a strong sense of community, with a mix of young professionals, families, and long-time residents. The neighborhood's vibrant culture is also reflected in events like the annual West Indian Day Parade, which follows Eastern Parkway.

Accessibility: With the Atlantic Avenue subway station and LIRR hub on its border, Prospect Heights is exceptionally well-connected to Manhattan and the rest of the city, making it a desirable location for commuters.

This is the very definition of prime real estate. Located in the highly sought-after Prospect Heights neighborhood, this four-story brownstone is a Single Room Occupancy (SRO) building, offering a unique investment opportunity.
The property is ideally situated just steps away from the Barclays Center, the Atlantic Avenue subway station, and the Long Island Rail Road (LIRR), providing unparalleled access to transportation. The brownstone sits on a 21' x 116' lot with a building size of 21' x 50', offering a total of 3,150 square feet. This super clean and well-maintained building retains many of its original details, making it a rare find in this market.

R7A is a contextual, medium-density residential zoning district in New York City. As a "contextual" zone (indicated by the 'A' suffix), it is designed to ensure that new developments are consistent in scale and character with the surrounding neighborhood. This is achieved by adhering to the Quality Housing Program regulations, which are mandatory in R7A districts.

Here's a breakdown of the key features of R7A zoning:
Housing Type: R7A zoning is primarily for multi-family apartment buildings. The regulations are designed to produce seven- to nine-story buildings with high lot coverage, which creates a more continuous and traditional streetscape.

Density (Floor Area Ratio - FAR): The maximum FAR in R7A districts is 4.0 . This means that the total floor area of a new building can be up to four times the area of the zoning lot. For example, on a 5,000-square-foot lot, you could build a 20,000-square-foot building.

Height and Setbacks: To maintain a consistent street wall, R7A has specific height and setback rules:

Base Height: The front wall of the building (the street wall) must be between 40 feet and 65 feet high before any setback is required. This creates a uniform look along the street.

Maximum Height: The total height of the building, including any portions above the setback, cannot exceed 80 feet .

Parking: Off-street parking is generally required for 50% of the dwelling units . However, there are some common exceptions, such as a waiver if 15 or fewer parking spaces are required, or for lots under a certain size.

Yards: R7A zoning requires a rear yard of at least 30 feet to provide open space, and new buildings cannot have a parking lot in front of the building.

Inclusionary Housing: R7A districts are often mapped in areas designated for the Inclusionary Housing Program . This program offers a density bonus, allowing a higher FAR (up to 4.6), to developers who provide a certain percentage of permanently affordable housing units.


Sources