Buy with Yoreevo
$1,862,000
List Price: $1,900,000
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8 Howard Avenue #LOT
Apartment in Stuyvesant Heights •  building info
1bd • 1.5ba
Buy with Yoreevo

$1,862,000

List Price

$1,900,000

Key Details
Days on market
114
Last price change
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Estimated payment
$10,808/mo
Taxes
N/A
Maintenance
N/A
Description
Prime Development Opportunity in Bedford-Stuyvesant Seize a rare investment opportunity in the heart of Brooklyn! Rare opportunity to acquire a 4,195 SF development lot in Bedford-Stuyvesant, adjacent to the Gates Avenue subway stop at Broadway and Howard Avenue. Key Property Details: Zoning: R7A Floor Area Ratio (FAR): 4 Max Allowable Floor Area: 16,780 SF Bonus Floor Area (for Affordable Housing): 5,537.4 SF Total Development Potential: 22,317.4 SF Max Building Size: 2,517 SF Strategic Location & Unmatched Connectivity Nestled in Bedford-Stuyvesant, this site benefits from easy access to multiple subway lines (A, C, J, M, Z) and several bus routes, ensuring seamless commuting throughout Brooklyn and Manhattan. The area's ongoing transformation has led to rising property values, a diverse community, and a flourishing local economy. Affordable Housing Opportunity Located within an Inclusionary Housing designated area, developers can take advantage of a bonus in floor area by designating units as affordable housing, maximizing the project's potential. Endless Development Possibilities With a strong demand for housing, excellent transit accessibility, and a thriving neighborhood, this opportunity offers an exceptional opportunity for developers looking to create a high-value residential or mixed-use project in one of Brooklyn's most sought-after locations.

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Important Stuff
Pets allowed
Building info

History
What it'll cost
Purchase price
$1,900,000
Asking Price: $1,900,000
Term
30 Years
Down Payment
$190,000 (10%)
Min: 10% (190,000)
Rate
6.5 %
Mortgage Amount
$1,710,000
Mortgage Payment
$10,808
Estimated Yoreevo rebate
$38,000
Estimated closing cost
$26,000
Total monthly cost $10,808
Buy your dream home with us and get an estimated $38,000 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of Douglas Elliman

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