Corner Development Site in Downtown Brooklyn
340 Livingston Street
Downtown Brooklyn
Closed 03/31/2023 at
$11,300,000
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Overview
TerraCRG has been retained to exclusively represent ownership in the sale of 340 Livingston Street, a 100% leased, corner office building prime for future mixed-use development, in the heart of Downtown Brooklyn.
This 16,750 SF, four-story building, sits on a 3,531 SF lot on the corner of Nevins and Livingston Streets. Zoned C6-4/DB, the lot has a market rate FAR of 10.0, allowing for a residential ZFA of 35,315. Additionally, the site’s inclusionary housing FAR of 12.0 will allow for development of up to 42,377 SF.
A unique investment opportunity is also presented as the property has potential to be delivered vacant in 2027.
Attractions
Positioned just one block from the Nevins Street subway station and a short walk to the Dekalb Avenue and Atlantic Avenue-Barclays Center subway stations, various options exist to connect you to and from Brooklyn and Manhattan.