Mixed-Use Development Opportunity in Williamsburg

Overview

TerraCRG has been retained exclusively to represent ownership in the sale of the mixed-use development site at 536, 546, 554 and 558 Metropolitan Avenue in Williamsburg. The four-property portfolio has a combined total of almost 125 ft of frontage on Metropolitan Avenue between Union Avenue and Lorimer Street. The properties all connect in the rear with a total footprint of 21,120 SF, allowing for air rights to be transferred throughout. The R7A, C2-4 zoning yields a base ZFA of 72,864 SF and up to 97,152 SF with the inclusionary housing bonus FAR. The properties are situated directly between the Metropolitan Ave G train and Lorimer Street L train subway stops.