For Sale | Development Site in Clinton Hill

132 Waverly Avenue, Brooklyn, NY

Market Price

Price

Multifamily

Development Type

3,269 sqft

Lot Area

Overview
Development Type
Multifamily
Lot Area
3,269 sqft
Zoning
R6B
Buildable Area
6,204 sqft
Description

TerraCRG has been retained to exclusively represent ownership in the sale of the development site at 132 Waverly Avenue in Clinton Hill, Brooklyn.

132 Waverly Avenue is a 3,269 SF lot located between Park and Myrtle Avenues. The property has proposed plans for a 6-unit, 8,846 SF building. Luxury condominium sellouts in this neighbor - hood can reach over $1,300/SF, and rentals exceeding $65/SF.

132 Waverly Avenue is located within a Qualified Opportunity Zones recently created under the Tax Cuts and Jobs Act of 2017 & is outside the Clinton Hill Historical District.

Several major institutions within a short distance of the building include The Brooklyn Navy Yard, The Pratt Institute, Brooklyn Academy of Music, and Barclays Center. The property also benefits from its proximity to three major retail corridors: Myrtle Avenue, Dekalb Avenue and Fulton Street, which together are home to a wide array of retailers, including both national chains and local stores and a myriad of bars and restaurants, including some of the most acclaimed restaurants in Brooklyn.

The commute to Union Square in Manhattan is only 25 minutes from the Clinton-Washington Avenues subway on Fulton Street, just a few blocks away. Several other stations are within walking distance, including the major hub, Atlantic Avenue-Barclays Center, with the N, Q, R, B, D, 2, 3, 4 and 5 trains as well as the Long Island Railroad.

Documents
Title
Offering Memorandum
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Location
Gallery