907-917 Atlantic Avenue
Marcus & Millichap is pleased to offer 907-917 Atlantic Avenue, located between St. James Place and Grand Avenue in the Clinton Hill section of Brooklyn, NY. The subject properties are three contiguous tax lots zoned C2- 4/R7A/R6B allowing for approximately 40,006 buildable square feet as of right (Block: 2018, Lots: 64, 63, 62).
An R7A district is proposed for the Myrtle Avenue, Fulton Street and Atlantic Avenue corridors. The related zoning text amendment to permit an Inclusionary Housing bonus in the proposed R7A district creates incentives for the development and preservation of affordable housing. Developments in this district would have a maximum base FAR of 3.45, which could be increased up to 4.6 with the provision of affordable housing. The R7A contextual height limits, including a maximum base height before setback of 65 feet and a maximum total height of 80 feet would apply to all new development.
This property offers developers the rare opportunity to purchase a large development site with 100 feet of frontage on Atlantic Avenue in the Clinton Hill section of Brooklyn, New York.