Pacific & Smith Assemblage

Avison Young, as exclusive agent, is pleased to offer for sale the Pacific Street & Smith Street Assemblage (the “Site”), a 75’ x 88’ lot comprised of four tax lots (269 Pacific Street, 106 Smith Street, 90 Smith Street, and 286 Atlantic Avenue) on the northwest corner of Smith Street and Pacific Street in Cobble Hill, Brooklyn.

The Site is currently improved by three separate retail buildings spanning 5,072 SF. The Property is zoned R6A/C2-4, allowing for 3.0x FAR for a base of 25,230 ZFA, or up to 3.9x FAR with a UAP housing bonus for a total of 32,799 ZFA. As part of the transaction, a combined 2,170 SF of Fair Market air rights and 3,767 SF of UAP air rights are included, allowing for a total project size of 27,400 SF for condominium or 36,568 SF for rental development. The Site also benefits from both a Commercial (2.0x FAR) and Community Facility (3.0x FAR) overlay. The offering represents a rare opportunity to develop a mixed-use condominium or rental project in one of New York City’s most soughtafter and supply-constrained neighborhoods. The site is to be delivered fully vacant upon closing.