Development Site in East Williamsburg

366 Leonard Street

East Williamsburg

Cross Streets Meeker Ave/Withers St
Lot SF 2,500
Gross BSF 6,750
ZFA 6,750
Subways
g
j
l
m
Buses
B24, B48, B59
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Development 366 Leonard Street, East Williamsburg
Andrew Manasia
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Details

Zoning M1-2/R6
FAR 2.7

Overview

TerraCRG has been retained on an exclusive basis to market the sale of 366 Leonard Street, a development site located between Frost St and Withers St, in the northern part of East Williamsburg, Brooklyn. The property consists of a 2,500 SF lot, which is currently improved by an existing 1,300 SF two-family building.

The offering will be delivered vacant with approved demolition plans. The opportunity is zoned M1-2/R6, MX-8 with 2.7 FAR and 6,750 ZFA as-of-right. The Voluntary Inclusionary Housing zone provides an FAR bonus of 3.6 and 9,000 ZFA.

The property is conveniently situated near the Brooklyn-Queens Expressway and within walking distance to Downtown Williamsburg and McCarren Park. Public transit options are located a few blocks away along Metropolitan Ave and Lorimer Street, giving access to the L subway line and the MTA bus lines.

In recent years, the neighborhood has seen a slew of large scale and boutique developments that include condominium, rental, retail, and hotel properties. Some recent notable developments include 88 Withers Street (33 units), 500 Metropolitan Avenue (Hotel Indigo, 187-keys, with 52 residential units), 785 Metropolitan Avenue (81 units), The Milk Factory (32 units), The Umbrella Factory (69 units) & 56 Ainslie Street (27 units).

Attractions

East Williamsburg has become one of the most desirable neighborhoods for buyers and renters alike. The neighborhood has that sought-after genuine Brooklyn feel with family-owned businesses that seamlessly blend with trendy new espresso bars, pizza parlors, and cocktail lounges. The chic and stylistic charm of East Williamsburg has drawn in artists and inspired minds, making this community a melting pot of diversity and creativity. Some neighborhood attractions include the Brooklyn Steel, Brooklyn Mirage and the East Williamsburg Scholars Academy.

Brooklyn Mirage
Brooklyn Steel

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