Development Opportunity | 149 Rockaway Ave. Brooklyn, NY

Highlights:

• Development Site: The property offers approximately 4,290 buildable square feet (BSF), with further development potential under R6/C2-3 zoning, providing flexibility for mixed-use residential and retail development.
• Zoning Bonus Potential: With a Floor Area Ratio (FAR) of 2.20 and potential to reach 3.90 under the proposed “City of Yes” zoning initiative, the site presents a valuable opportunity to maximize buildable square footage and density.
• Strategic Lot Dimensions: The lot measures 19.5’ x 100’, providing efficient design options for residential, retail, or community use spaces while maintaining street-level visibility.
• Delivered Vacant: The property will be 100% vacant and unencumbered at closing. No structures exist on the property and no demolishing cost required.
• Opportunity Zone Designation: The property falls within a designated Opportunity Zone, presenting significant tax advantages in the way of a deferred capital gains program. Funds must be invested by January 31, 2026.
• Accessibility: One block to the C train and four blocks from Broadway Junction, the property offers swift access to Williamsburg and Lower Manhattan, with commute times ranging from 20 to 30 minutes.

Documents: