Williamsburg Brooklyn

Exclusive Sale Offering Memorandum ______668 Metropolitan Avenue | Williamsburg Brooklyn

Christopher Cavorti Evan F. Church Marvin Chu Donald Lai Licensed Associate Licensed Associate Licensed Associate Licensed Associate Real Estate Broker Real Estate Broker Real Estate Broker Real Estate Broker 914.804.7091 917.684.0663 718.685.9430 917.947.9917 [email protected] [email protected] [email protected] [email protected]

668 Metropolitan Avenue | Brooklyn, NY 11249 Purchase Price: $2,650,000

EXECUTIVE SUMMARY: Prime Flagship Retail & Mixed Use Development Site for Sale. Located on a Major Retail and Residential Corridor in Williamsburg Brooklyn.

Development Opportunity: Lot Size `25’ x `100’ totaling 2,500 SF. Zoning: R7A, C2-4 with a MAX FAR of 4.6 with Inclusionary Housing for a total of `11,500 Buildable SF & a BASE FAR of 3.45 for approximately `8,625 Buildable SF above Grade.

Existing Opportunity: The existing 3-story property is comprised of 2 units: a garden duplex and a full floor 1.5 bedroom apartment. The gross building square footage of ~3,076 SF consists of ~ 2,600 SF above grade.

The location is unparalleled...situated on bustling Metropolitan Avenue right in between both the Lorimer L/G and Graham L subway lines. The property is surrounded by Williamsburg's major retail strips including Graham Avenue, Lorimer Street and Grand Street. Enjoy the old-school neighborhood charm along with the new launch of restaurants, cafes, and shops all outside the door steps. Bring your architect & engineer to realize the full potential of this unique opportunity! **All measurements (including square footage and dimensions) should be independently verified by the buyer.

All material herein is intended for information purposes only and has been compiled from sources deemed reliable. Though information is believed to be correct, it is presented subject to errors, omissions, changes or withdrawal without notice.

668 Metropolitan Avenue | Brooklyn, NY 11249 Current Property Information:

Address & Neighborhood: Building: 668 Metropolitan Avenue -- Brooklyn NY, 11249 Building Class: Miscellaneous Two Family (B9) Block & Lot: 2763-18 Current Use: 2 Family Residence Neighborhood: Williamsburg Structure Class: Masonry Landmark: None Valuation & Property Taxes: Approximate SF: +/- 2,995 SF Tax Class: 1 Gross SF including Cellar: +/- 3,600 SF Property Taxes: $ 5,240 per yr. Building dimensions: 22ft x 45ft Stories: 3 Lot: Extension: No Approximate Lot SF: +/- 2,500 SF Year built: 1901 (Estimated) Approximate Lot Dimensions: 25ft x 100ft Certificate of Occupancy: None Corner Lot: No Buildings on Lot: 1 Use: Floor Area Ratio (FAR): Residential units: 2 Base FAR 3.45 Max far: 4.6 Zoning: FAR as built: 1.06 (Estimated) District Code: R7A, C2-4

Max FAR depends on several factors including zoning, location and use. A Zoning Analysis by a licensed professional should be performed to verify the max far for the property is accurate.

668 Metropolitan Avenue | Brooklyn, NY 11249 Existing Floorplan:

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The Forray Team @ The Corcoran Group

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