31,636 BSF Development Site in Clinton Hill

529 Waverly Avenue

Clinton Hill

$10,500,000

Buildable SF 31, 636 BSF
Buildable SF (IH) 42,181
Lot Size 9170 SF
Subways
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r
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Development 529 Waverly Avenue, Clinton Hill
Peter Matheos
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Details

FAR 3.45
IH FAR 4.6

Overview

TerraCRG has been retained to exclusively represent ownership in the sale of the development site at 529 Waverly Avenue in Clinton Hill, located between Atlantic Avenue and Fulton Street.

Zoned R7A/C2-4, the 9,170 SF lot currently represents 31,636 BSF with a 3.45 FAR. With the voluntary Inclusionary Housing option, the site has a 4.60 FAR allowing for ~42,181 BSF.

529 Waverly Avenue is amidst a booming development zone near several residential developments including 555 Waverly,
810 Fulton, and Pacific Park (550 Vanderbilt and 535 Carlton). Hundreds of new-construction units have been brought online in recent years with many more in the pipelines. Rentals in the area are achieving $65/SF and condos are achieving north of $1200/SF.

Attractions

The property also benefits from its proximity to three major retail corridors: Myrtle Avenue, Dekalb Avenue and Fulton Street, which together are home to a wide array of retailers, including both national chains and local stores and a myriad of bars and restaurants, including some of most acclaimed restaurants in
Brooklyn.

Surrounded by a plethora of retail activity on Fulton Street and Atlantic Avenue, the area is anchored by Atlantic Terminal and the world-renowned Barclays Center, home of the Brooklyn Nets. Just a few blocks away, the six-billion-dollar Pacific Park project will consist of 17 high-rise buildings for residential,
mixed-use and office space spread over 22-acres when completed.

The commute to Manhattan is only 20 minutes from the Clinton-Washington Avenue C subway station just a few blocks away. The property is also in proximity to Atlantic Terminal servicing the N, Q, R, B, D, 2, 3, 4 and 5 trains as well as the Long Island Rail Road.

Chuko Ramen
Bergen Bagels
Sisters
Emily
Mac Shack NY
Weather Up
Habana Outpost
Handson Dry
Black Forest Brooklyn

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