A huge waterfront site in Sheepshead Bay is on the market for $2,300,000. However, there’s a catch: Not only was Sheepshead Bay in general hard hit during Sandy, but 68 percent, or 53,000 square feet, of this 78,000 square foot property at 2433 Knapp Street sits “below the median high water line,” according to TerraCRG, which is marketing the site. That leaves approximately 25,000 square feet for residential development.
The empty site comes with proposed plans (they have not yet been approved, as far as we can tell from DOB records), including the above rendering, for a three-story building with 18 units. Not only would there be 18 outdoor parking spaces but the property would also come with 36 boat slips! (more…)