Brooklyn CB2 Inclusionary Air Rights

Highlights

• 120,000 buildable square feet that can be sold partially or in their entirety. GEOGRAPHIC VIABILITY
• Ariel Property Advisors has been retained to market the disposition of 120,000 square feet of inclusionary air rights (IARs) in Brooklyns Community Board 2. This offering is an opportunity for owners of eligible properties, or receiving sites, to significantly enlarge the size of market rate developments located in Community Board 2 or within a -mile radius of the generating site (112 St. Edwards Street in Fort Greene, Brooklyn). For example, properties located within an R10 (or equivalent) zoning district can benefit from an increase in FAR from 10.0 to 12.0. Additionally, properties within an Inclusionary Housing Designated Area are eligible receiving sites. These inclusionary air rights provide an outstanding opportunity to maximize both the floor area and value of a development site. INCLUSIONARY AIR RIGHTS
• Eligible receiving sites are in either R10 (or commercially equivalent) zoning districts or in Inclusionary Housing Designated Areas.
• Only properties that meet the IAR requirements in Brooklyns Community Board 2 or within a -mile radius of the generating site are eligible receiving sites. APPLICABLE ZONING IN CB2
• THE OPPORTUNITY

Location

Located at 112 Edwards Street - Inclusionary Air Rights, NY, New York City, NY, this property is part of the Fort Greene neighborhood and Brooklyn market.