149 Rockaway Ave, Brooklyn, NY for sale

Investment Overview

Asset CRG Advisors, LLC, has been exclusively retained to market 149 Rockaway Ave, a shovel-ready development opportunity in the Ocean Hill neighborhood of Brooklyn. The 1,950 SF lot features approved plans for a four-story mixed-use building totaling approximately 4,209 buildable SF, comprising six residential apartments and one ground-floor retail space. Zoned R6/C2-3, with a potential FAR increase up to 3.90 under UAP. Survey and plans are available upon request. The property is also located within an Opportunity Zone, potentially providing tax benefits for qualifying investors.

Investment Highlights

• Shovel-ready development opportunity in the Ocean Hill neighborhood of Brooklyn.
• 1,950 SF lot with approved plans for a four-story mixed-use building totaling approximately 4,209 buildable SF, comprising 6 residential apartments and 1 ground-floor retail space.
• Zoned R6/C2-3, with a potential FAR increase up to 3.90 under UAP.
• Survey and plans are available upon request.
• Located within an Opportunity Zone, offering potential tax benefits for qualifying investors.
• Exceptionally located near the Rockaway Avenue Station (A, C trains), less than 500 feet away, and Broadway Junction (A, C, J, L, Z trains), providing excellent access throughout Brooklyn and Manhattan.