Invictus

7,500
BSF
R6 (C2-4)
Zoning
25'
Frontage
$280
PPBSF
$4,662
ANNUAL TAX BILL

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INVESTMENT HIGHLIGHTS

Invictus Property Advisors announces the closing of a 7,500 Buildable SF block-through development site in Williamsburg, Brooklyn between Meeker Avenue and Herbert Street in the R6 (C2-4) zoning district.

This property's frontage on Meeker Avenue, a wide street, allowed for increased residential density, yielding a FAR of 3.00—a key detail that prior brokers overlooked. The deal closed at an attractive $280 per BSF, with the buyer agreeing to a 3-week TOE closing—reflecting the strong terms required to secure a site at a competitive basis in Williamsburg.

With the passage of the City of Yes initiative, the FAR has increased to 3.90, unlocking 9,500 BSF of buildable space under UAP bonuses. This provides the buyer with additional free-market units in exchange for delivering affordable units at 60% of AMI under UAP and the 485x tax abatement program.

At Invictus, we specialize in uncovering hidden value through zoning expertise and strategic marketing. Let’s discuss how we can help maximize your property's potential.

Brooklyn Development

INVESTMENT HIGHLIGHTS

exclusive agents

Josh Lipton

Andrew Levine

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