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103 - 111 Empire is not waiting for the rezoning to happen, or not happen.

whynot_31
whynot_31
edited April 2015 in Crown Heights/Prospect Lefferts Gardens
Streetview:  https://www.google.com/maps/@40.663426,-73.958575,3a,75y,344.67h,88.38t/data=!3m4!1e1!3m2!1sSOHUIem8JxzBa7uYIaCUQA!2e0!6m1!1e1

You'll need $10M.   The zoning on this property is split, which will work in your favor if you need a variance to build residential now.

33k BSF development rights ...potential for more if area is rezoned.

http://www.loopnet.com/Listing/19185458/103-111-Empire-Boulevard-Brooklyn-NY/



531829997e93421c90fe1598ac8e6cd2

Comments

  • lilern
    lilern
    Southwest Crown Heights is on fire - and I like it!
  • mugofmead111
    mugofmead111
    I'm waiting for someone to buy the old site of the laundromat at the corner of Empire and McKeever (block 1306, lot 28) and the adjoining lot at 32. It apparently either needs extensive renovation, or it should be torn down to make way for new construction. By the way, I'm getting tired of seeing clothes that have been dumped behind that chainlink fence. (There is a clothing collection box there that has been inaccessible since the laundromat moved.)
  • whynot_31
    whynot_31
    Back when the laundry was still open: http://goo.gl/maps/x1zI5

    If I owned land on Empire west of Nostrand, I think I would just hold on to it for the next year or so.

    With or without rezoning, I expect the price of land in the area to continue to increase, and I would prefer that I benefit from those increases as opposed to someone else.
  • mugofmead111
    mugofmead111
    I got this error message when I tried to follow the Loopnet link: "WARNING: The property ID 19185458 could not be found or is no longer available."

    Has it been sold already?
  • lilern
    lilern
    I knew it would go fast but if it's already gone I'll be damned!
  • whynot_31
    whynot_31
    edited April 2015
    Epic Realty had the exlusive listing, but it is no longer on their page EITHER:
    http://www.epic-cr.com/#!exclusives/galleryPage

    However, that does not necessarily mean it was sold.

    To get the answer, someone would need to ask this guy: https://www.linkedin.com/in/yonaedelkopf