MLS Listing Details - Ideal Properties Realty

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Ideal Property Realty

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With over twelve years of real estate experience, we pride ourselves in delivering results while building relationships that last a lifetime. Ideal Properties Realtyis a full service real estate firm that tailors its services to the satisfaction of our clients. Our ability to guide home buyers, design strategic marketing campaigns, and understand the intrinsic elements of the sales process, makes us the premiere real estate firm in Brooklyn. Our experts are trained to resourcefully assist clients in areas such as selling residential homes, condominiums, and investment properties, as well as handle rentals and leasing.Owning Real Estate is a symbol of responsibility, a source of security, and a part of the American Dream. Our professional work continuously to ensure that process is smooth, sustainable, and easy to understand.To help sellers navigate the real estate process, we begin with an educational course that helps our clients understand the market and how to price their property, and close the deal. Whether you are buying or selling, Ideal Properties Realty will guide you step by step.

Home » MLS Listing Details

547 Atlantic Avenue, Brooklyn, New York, New York 11217

$6,550,000

Property Details

Neighborhood: Boerum Hill Tax Amount: $6796.00 MLS Number: 502025 Bldg Size: 20 x 60 Lot Size: 20 x 90 Lot SqFt: 1800

Property Description

This zoning analysis is describing the redevelopment potential of the site. Key points: The property is in the Downtown Brooklyn Special District (DB) with underlying R7A/C2-4 zoning. FAR (Floor Area Ratio) of 4.0 means the total permitted floor area can be up to 4 times the lot area. 80% lot coverage means up to 80% of the lot can be occupied by the building footprint on qualifying floors. Maximum height of 85 feet generally allows a building of roughly 7–8 stories, depending on floor-to-floor heights and design. supporting a substantial multi-level structure that seamlessly combines luxury parking... suggests the marketing materials are highlighting the possibility of a project with: Ground-floor commercial or retail space, Multiple residential floors above, Structured parking or vehicle storage, Potential luxury condominium or rental units. For an investor or developer, the most important figure is the R7A DB C2-4 zoning. The value of the site is often based on the number of buildable square feet and what can legally be constructed under the zoning rules. Giving the investor an ROI he can look forward to.

Property Type Mixed Use

Property Status: Active