Ariel Property Advisors Retained To Sell 40’ Wide Block-Through Development Site In Downtown Brooklyn
Ariel Property Advisors has been exclusively retained to sell 285-287 Livingston Street, an outstanding development site at the center of Downtown Brooklyn, the third largest Central Business District in New York City. Ownership is requesting proposals for the favorably zoned block-through property.
The site – located on the north side of Livingston Street between Hanover Place and Nevins Street – has a footprint of 5,000 square feet. The addition of a portion on Grove Place* increases this footprint to 5,500 square feet. Situated in a C6-4/DB zoning district provides a FAR of 10.0 for use as a residential, community facility, office and/or hotel. By utilizing an inclusionary housing bonus, which increases the total FAR to 12.0, the maximum potential buildable area ranges between 60,000-66,000 square feet.
Exclusive agents, Sean R. Kelly, Michael A. Tortorici and David Khukhashvili of Ariel Property Advisors are representing the seller.