Property Description for 651 East 3rd Street
Welcome to your future boutique condo development! Save yourself the headache of the current DOB delays that are hindering ground-up development as plans are already approved!
651 East 3rd comes with approved plans for an 8 unit condominium in place. This lot measures 40.92' x 100', and features a favorable R6A zoning with maximum allowable residential FAR of 3. The area is up and coming with similar new development condos fetching upwards of $900/sqft during sellout. Current configuration is three family house fully leased out generating an approximate gross income of $98,500.
Located in the heart of Kensington, Brooklyn conveniently positioned two blocks away from the Ditmas Avenue F Train station. Close proximity to a multitude of shops, restaurants and transportation.
Brochure of setup along with approved plans can be provided upon request.