Development Site at 96 Macon Street in Brooklyn
$999,000
96 Macon Street, Brooklyn, NY 11216
Property Description
Asset CRG Advisors, LLC, has been exclusively retained to market 96 Macon St, a prime residential development opportunity located in the Bedford-Stuyvesant neighborhood of Brooklyn. The property is offered with landmark approval and DOB-approved plans for the construction of a new fourstory residential building totaling approximately 3,792 square feet, providing a streamlined path toward development.
The approved plans call for four residential units, featuring one full-floor residence per level and a rooftop bulkhead. Designed to complement the surrounding historic BedfordStuyvesant streetscape, the proposed contextual development presents an exceptional opportunity to deliver boutique residential housing in one of Brooklyn's most soughtafter neighborhoods.
Property Details
Asset Type
Development Site
Zoning
R6B
Lot Size
1,900 SF
Neighborhood
Bedford-Stuyvesant
Submarket
Brooklyn
ZIP
11216
Listing Type
sale
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
-$56,829
Cash-on-Cash Return
-22.75%
Monthly Debt Service
$4,736
Annual Debt Service
$56,829
View on Map
Address
96 Macon Street
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Brooklyn Development Site Market Snapshot
Boundary boundary · Development Site · Sale
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