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  2. 547 Atlantic Avenue
  • 547 Atlantic Avenue
  • $ 7,000,000
547 Atlantic Avenue Boerum Hill Brooklyn NY 11217
547 Atlantic Avenue Boerum Hill Brooklyn NY 11217
547 Atlantic Avenue Boerum Hill Brooklyn NY 11217

547 Atlantic Avenue

Boerum Hill   |   3rd Ave & 4th Ave

Building For Sale
$ 7,000,000
Ownership Mixed Use
Lot Size 20'x90'
Status Active
Real Estate Taxes [Per Annum] $ 6,796
Building Size 20'x60'
ASF/ASM 2,790/259
 

Photos

547 Atlantic Avenue Boerum Hill Brooklyn NY 11217

Maria Castellano

License Licensed As: Real Estate Broker/Owner

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
547 Atlantic Avenue Boerum Hill Brooklyn NY 11217

Property Description

This zoning analysis is describing the redevelopment potential of the site. Key points: The property is in the Downtown Brooklyn Special District (DB) with underlying R7A/C2-4 zoning. FAR (Floor Area Ratio) of 4.0 means the total permitted floor area can be up to 4 times the lot area. 80% lot coverage means up to 80% of the lot can be occupied by the building footprint on qualifying floors. Maximum height of 85 feet generally allows a building of roughly 7–8 stories, depending on floor-to-floor heights and design. supporting a substantial multi-level structure that seamlessly combines luxury parking... suggests the marketing materials are highlighting the possibility of a project with: Ground-floor commercial or retail space, Multiple residential floors above, Structured parking or vehicle storage, Potential luxury condominium or rental units. For an investor or developer, the most important figure is the R7A DB C2-4 zoning. The value of the site is often based on the number of buildable square feet and what can legally be constructed under the zoning rules. Giving the investor an ROI he can look forward to.
This zoning analysis is describing the redevelopment potential of the site. Key points: The property is in the Downtown Brooklyn Special District (DB) with underlying R7A/C2-4 zoning. FAR (Floor Area Ratio) of 4.0 means the total permitted floor area can be up to 4 times the lot area. 80% lot coverage means up to 80% of the lot can be occupied by the building footprint on qualifying floors. Maximum height of 85 feet generally allows a building of roughly 7–8 stories, depending on floor-to-floor heights and design. supporting a substantial multi-level structure that seamlessly combines luxury parking... suggests the marketing materials are highlighting the possibility of a project with: Ground-floor commercial or retail space, Multiple residential floors above, Structured parking or vehicle storage, Potential luxury condominium or rental units. For an investor or developer, the most important figure is the R7A DB C2-4 zoning. The value of the site is often based on the number of buildable square feet and what can legally be constructed under the zoning rules. Giving the investor an ROI he can look forward to.

Listing Courtesy of GW Realty Inc.

Maria Castellano

License Licensed As: Real Estate Broker/Owner

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775

Care to take a look at this property?

Apartment Features

Exposed Bricks
Hardwood Floors
547 Atlantic Avenue Boerum Hill Brooklyn NY 11217
547 Atlantic Avenue Boerum Hill Brooklyn NY 11217

Building Details [547 Atlantic Avenue]

Ownership Mixed Use
Block/Lot 180/48
Building Size 20'x60'
Zoning R7A
Floors 3
Lot Size 20'x90'

Mortgage Calculator in [US Dollars]

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Loan Amount

Maria Castellano

License Licensed As: Real Estate Broker/Owner

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
BNYMLS All information furnished regarding this or any property listed for sale or rent is gathered from sources deemed reliable. Though we have no reason to doubt the accuracy or validity of this information, we make no warranty or representation as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or withdrawal without notice. It is strongly recommended that the prospective purchaser or tenant shall carefully review each item of size, dimensions, real estate taxes, expenses, legal use and any other information presented herein.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
MLSID: 502025