31-43 Belmont Ave

Located at Brooklyn's East New York neighborhood border between Belmont Avenue and Pitkin Avenue off of Eastern Parkway : The Belmont Crown Assemblage is comprised of (19 lots + 2 being sold in tandem) tax lots boasting substantial air rights yielding approximately 170,000 buildable square feet based on upzoning to R7 . The buildable square feet for a facility on this assemblage is approximately 228,000 square feet. Our rendering depicts lucrative retail with residences above and the idea of underground parking available for residence but the use groups for this assemblage are plentiful making the possibilities endless. The properties located on Belmont Avenue boast combined street frontage of 175 ft , directly around the corner on Osborne street with 175 ft of linear street frontage on north side and 275 ft of linear street frontage on the adjacent south side of the street. The properties are located on the same street where work is in progress for Holiday Inn Express slated for completion in 2016. The current tax information does not account for current tax abatements of 8 years and 10 years approximate remainder. The entire assemblage will be delivered vacant within 2-4 months with only one exception "Dollar Tree Retailer" (approximately 10,000 sq. ft. air rights above) . Other local neighbors include Quality Inn , Planet Fitness, Rite Aid Pharmacy and Chase Manhattan Bank . Commuters enjoy just a 6 minute walk to Sutter Avenue 3 train stop or L train to Sutter Avenue **stop just 30 minutes to Manhattan making this area ripe for continued new development activity. Please e-mail us to request complete Zoning Data Analysis and Open Space Ratio details provided courtesy of Tribeca based archictectual firm Construct -Design.
***PLEASE NOTE: Net operating income for the dollar tree lowers the price per buildable square feet ***

Disclaimer: Suggested rendering of a potential new development shown in online images however No warranty or representation to the accuracy thereof is being made.