203 Sutter Ave

This 100' X 123' corner lot is offered with approved plans for a 7 story, mixed use new development, by Karl Fischer architect. The proposed building is comprised of 42 residential units, 2 commercial / retail units and 1 community facility unit.SELLER WILL DELIVER THIS PROJECT WITH A 15 YEAR 421A TAX ABATEMENT!Total building gross floor area is 68,416 sqft. Total above grade gross floor area is 60,915 sqft. Proposed new building will generate an approx. annual rental income of $1,000,000.Offered at less than $100 per build-able sqft, this can be a great opportunity for a developer looking to venture into what's becoming the next hot-spot of Brooklyn.Currently there is a 3 story (approx. 65' X 90') brick building on the lot. Submitted plans and unit setup are available upon request.