CB2 Inclusionary Air Rights

1 Flatbush Avenue

Downtown Brooklyn

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Air Rights 1 Flatbush Avenue, Downtown Brooklyn
Ofer Cohen
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Overview

TerraCRG has been retained to exclusively market the disposition of 31,441 square feet of Inclusionary Air Rights (IARs) in Brooklyn’s Community Board 2. This offering is an opportunity for owners of eligible properties to significantly enlarge the size of market rate developments located within Community Board 2 or within 1/2-mile radius of the generating site. For example, if the property is located in a R10 or equivalent zoning district it can increase their FAR from 10.0 to 12.0, providing an outstanding opportunity to maximize both the floor area and value of a development site.

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