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1099 Ocean Ave - Church of the Nativity Immeuble de 4 700 pi² • Spécialité • À vendre • Brooklyn, NY 11230
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Faits saillants de l'investissement
- Prime corner site with 210 feet of wraparound frontage
- Two flexible development scenarios offered by ownership
- Near Brooklyn College and Triangle Junction retail hub
- Zoned R7A with up to 55,110 buildable sq. ft. via UAP
- Steps from B & Q subway lines and multiple bus routes
- Eligible for 485-X tax abatement (Option B) with 35-year benefit
Résumé de l'annonce
Ariel Property Advisors presents 1099 Ocean Avenue, a rare and highly strategic corner development site located at the convergence of four vibrant Brooklyn neighborhoods: Midwood, Fiske Terrace, Ditmas Park, and Flatbush. This 11,000 sq. ft. parcel, currently improved by a 4,700 sq. ft. religious facility, offers 210 feet of wraparound frontage—100 feet on Ocean Avenue and 110 feet on Farragut Road—making it an ideal canvas for transformative residential development.
Zoned R7A, the site supports up to 44,000 buildable square feet under standard FAR, and up to 55,110 BSF with the inclusion of the city’s UAP program. Ownership is inviting proposals under two flexible scenarios: a community facility buy-back, where the developer constructs the full site and delivers a 5,000 sq. ft. white-box community facility condo to the seller; or a subdivision approach, allowing the seller to retain the existing church while the developer builds residential units on the remaining corner parcel.
The property benefits from exceptional transit access, with the B and Q subway lines just a short walk away and multiple bus routes serving the area. Its proximity to Brooklyn College, the Triangle Junction Shopping Mall, and several historic districts enhances its appeal to future residents. The site is also a strong candidate for the 485-X tax abatement program (Option B), offering up to 35 years of benefits for modest rental projects.
With its scale, zoning flexibility, and location in a supply-constrained market, 1099 Ocean Avenue represents a rare opportunity for developers to deliver much-needed housing in one of Brooklyn’s most connected and culturally rich neighborhoods.
Zoned R7A, the site supports up to 44,000 buildable square feet under standard FAR, and up to 55,110 BSF with the inclusion of the city’s UAP program. Ownership is inviting proposals under two flexible scenarios: a community facility buy-back, where the developer constructs the full site and delivers a 5,000 sq. ft. white-box community facility condo to the seller; or a subdivision approach, allowing the seller to retain the existing church while the developer builds residential units on the remaining corner parcel.
The property benefits from exceptional transit access, with the B and Q subway lines just a short walk away and multiple bus routes serving the area. Its proximity to Brooklyn College, the Triangle Junction Shopping Mall, and several historic districts enhances its appeal to future residents. The site is also a strong candidate for the 485-X tax abatement program (Option B), offering up to 35 years of benefits for modest rental projects.
With its scale, zoning flexibility, and location in a supply-constrained market, 1099 Ocean Avenue represents a rare opportunity for developers to deliver much-needed housing in one of Brooklyn’s most connected and culturally rich neighborhoods.
Faits sur la propriété
| Type de vente | Investissement ou propriétaire utilisateur | Taille du lot | 0,25 AC |
| Type de propriété | Spécialité | Taille du bâtiment | 4 700 pi² |
| Sous-type de propriété | Eglise | Nombre d’étages | 2 |
| Classe d’immeuble | C | Année de construction | 1909 |
| Zonage | R7A | ||
| Type de vente | Investissement ou propriétaire utilisateur |
| Type de propriété | Spécialité |
| Sous-type de propriété | Eglise |
| Classe d’immeuble | C |
| Taille du lot | 0,25 AC |
| Taille du bâtiment | 4 700 pi² |
| Nombre d’étages | 2 |
| Année de construction | 1909 |
| Zonage | R7A |
1 1
Exceptionnellement praticable à pied
100/100
Relativement facile d’accès en voiture
30/100
Transports en commun exceptionnels
100/100
Moyennement praticable en vélo
60/100
Impôts fonciers
| Numéro de lot | 05220-0002 | Évaluation des bâtiments | 419 175 $ CAD |
| Évaluation du terrain | 317 612 $ CAD | Évaluation totale | 736 787 $ CAD |
Impôts fonciers
Numéro de lot
05220-0002
Évaluation du terrain
317 612 $ CAD
Évaluation des bâtiments
419 175 $ CAD
Évaluation totale
736 787 $ CAD
Contacts
-
Lawrence Sarn -
Michael Tortorici -
Sean Kelly -
James Nestor -
Ariel Property Advisors
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1099 Ocean Ave - Church of the Nativity
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