Marketing Starts for Huge 4th Avenue Development Site

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    This marketing flyer for the major development site on 4th Avenue and 11th Street popped up yesterday on Brooklynian. If you recall, this is the Park Slope corner where nine residential and commercial building are slated for demolition. TerraCRG is marketing the site, which is a total of 12,690 square feet. Here’s what they have to say about it:

    The 120 ft x 105.75 ft corner site consists of seven tax lots and 6,672 SF of air‐rights transferred from an adjacent property. The zoning of R8A/C2‐4/EC provides for a 6.50 FAR for a Mixed Use Building, of which 6.02 is Residential and the balance is attributed to Commercial and a small amount of Community Facility. As such, there is an ability to build an 86,052 BSF Mixed Use Building, of which 79,626 BSF is Residential BSF and the balance is a mix of Commercial and a small amount of Community Facility BSF. A small section of the development site is in R6B zoning. The site will be delivered vacant and unencumbered. One of the buildings has already been demolished and the remaining building demolitions have already been filed with the DOB.

    Looks like something massive will be coming to this corner. It’s sure that demolition is coming soon. The price for the development property isn’t listed. UPDATE: This site is asking $20 million.
    Demo for Nine Buildings on 4th Avenue and 11th Street [Brownstoner]

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