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Land For Sale • 0.06 AC
The property is located on Vanderveer Street in the Bushwick section of Brooklyn and is zoned R6. The Department of Buildings has approved plans for a four-story, eight-unit residential building. As-of-right development allows approximately 5,500 buildable square feet; the Universal Affordability Policy (UAP) offers an option to increase that to approximately 9,750 buildable square feet. The location is within close proximity to multiple subway lines, including the L train at Bushwick/Aberdeen and the A, C, J, and Z lines at Broadway Junction. The property is located in an Opportunity Zone.
| Approved Plans: The DOB has approved plans for a 4-story, 8-unit multifamily building totaling ±5,470 SF of net residential area. |
| As of Right Development: R6 zoning designates base FAR of 2.20 (narrow street), allowing for up to ±5,500 buildable SF as of right. |
| City of Yes / UAP Development: UAP bonus affords an FAR increase to 3.90, allowing for up to 9,750 BSF in exchange for affordability requirements. |
| Delivered Vacant: The property will be delivered vacant at closing, providing a clean slate for development. |
| Public Transportation: Just 2 blocks from the L-train at the Bushwick/Aberdeen stop, and 5 blocks from the A/C/J/Z/LIRR trains at Broadway Junction. |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| East New York Station (Far Rockaway Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) | 2 min | 13 min | 0.7 mi |
| Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) | 9 min | - | 2.9 mi |
| Transit/Subway | Drive | Walk | Distance |
| Bushwick Avenue-Aberdeen Street (L - New York MTA Subway (The Subway)) | 1 min | 4 min | 0.2 mi |
| Broadway Junction (East New York) (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway), J - New York MTA Subway (The Subway), L - New York MTA Subway (The Subway), Z - New York MTA Subway (The Subway)) | 2 min | 7 min | 0.4 mi |
| Chauncey Street (J - New York MTA Subway (The Subway), Z - New York MTA Subway (The Subway)) | 2 min | 10 min | 0.5 mi |
| Alabama Avenue (J - New York MTA Subway (The Subway)) | 3 min | 11 min | 0.6 mi |
| Wilson Avenue (L - New York MTA Subway (The Subway)) | 3 min | 17 min | 0.8 mi |
| Airport | Drive | Walk | Distance |
| LaGuardia | 20 min | - | 8.5 mi |
| John F Kennedy International | 18 min | - | 8.5 mi |
| Newark Liberty International | 34 min | - | 18.4 mi |
DJ Johnston
Matthews Real Estate Investment Services
DJ Johnston
Matthews Real Estate Investment Services
