Mixed use property ready for gut renovations and approved plans 60 Lott Avenue, Brooklyn NY 11212

Property Detail

Type Status Location Sub Location Price $549,000 Area (sf)1632Bedrooms2Bathrooms2Year Built1930NeighborhoodBrownsville

Property Description

RARE OPPORTUNITY to acquire a Mixed use property sitting on a double lot and ready for gut renovations. The property is a two story 1 family plus store and sits on 15 X 100 lot with an additional 10×80 rare L-shape parcel offering a second entrance/exit with a curb cut on Amboy street .The FAR for residential is 2.43 and community facility 4.8. The existing building square feet is 1634 and it comprises of 1 retail space plus cellar and 1 apartment. The actual FAR is 1.02 and the zoning is R6. With a maximum buildable square feet of 4,252 for residential and 8,400 for community facility, this property offers a great opportunity for development. Seller is in process of submitting plans for 2 large residentials units ( two 3br / 2 baths apartments ) and 1 commercial unit.
Only a few short block to Brookdale Hospital, a few minutes to the 3 subway lines, and situated in the quiet residential area of Brownsville where there is an astonishing amount revitalization and new development. The Annual taxes are $2,273
Asking price as is; $549,000 and with approved plans $599,000
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