37 & 39 Graham Avenue

Investment Overview

Avison Young, as the exclusive agent, is pleased to offer for sale 37-39 Graham Avenue (the “Site”), two adjacent lots measuring 50’ x 100’, located on the west side of Graham Avenue between Cook Street and Varet Street in Williamsburg Brooklyn. The site is improved by two mixed-use buildings totaling approximately 10,500 SF, the properties can be delivered vacant at closing. The Site is zoned R7A (C1-4), allowing for 4x FAR for 20,000/ZFA to the base FAR (or 5.01x FAR with a UAP housing bonus for a total of 25,050/ZFA). The site additionally has a commercial and community facility overlay with a (2x FAR and 4x FAR, respectively), allowing for a flexible mixed-use development.

Investment Highlights

• Prime Development Pocket
• Strong Residential Demand in Williamsburg
• 485x 35-Year Tax Abatement
• R7A Zoning (C2-4 Overlay)