Brooklyn CB2 Inclusionary Air Rights, NY

Inclusionary Air Rights For Sale - CB2 Brooklyn

Request A Callback

Overview

Key Highlights

  • Air Rights 131,136 SF (Approx)

Key Facts

THE OPPORTUNITY

Ariel Property Advisors has been retained to market the disposition of 120,000 square feet of inclusionary air rights (IARs) in Brooklyn’s Community Board 2. This offering is an opportunity for owners of eligible properties, or “receiving sites,” to significantly enlarge the size of market rate developments located in Community Board 2 or within a ½-mile radius of the generating site (112 St. Edwards Street in Fort Greene, Brooklyn). For example, properties located within an R10 (or equivalent) zoning district can benefit from an increase in FAR from 10.0 to 12.0. Additionally, properties within an Inclusionary Housing Designated Area are eligible receiving sites.

These inclusionary air rights provide an outstanding opportunity to maximize both the floor area and value of a development site.

INCLUSIONARY AIR RIGHTS

120,000 buildable square feet that can be sold partially or in their entirety.

GEOGRAPHIC VIABILITY
Only properties that meet the IAR requirements in Brooklyn’s Community Board 2 or within a ½-mile radius of the generating site are eligible receiving sites.

APPLICABLE ZONING IN CB2

Eligible receiving sites are in either R10 (or commercially equivalent) zoning districts or in Inclusionary Housing Designated Areas.

Location

Our Team

Shimon Shkury

Shimon Shkury

President and Founder
Ariel Property Advisors
212.544.9500 Ext. 11
Michael Tortorici

Michael Tortorici

Founding Partner
Ariel Property Advisors
212.544.9500 Ext. 13
Sean Kelly

Sean Kelly

Partner
Ariel Property Advisors
212.544.9500 Ext. 59
Victor Sozio

Victor Sozio

Founding Partner
Ariel Property Advisors
212.544.9500 Ext. 12

Downloads

Listing Setup

Please Use the Form Below for Further Information:


We will not send you spam or share your email address.