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July 9, 2007

House of the Day: 37 Lafayette Avenue

37lafayette0707.jpg
Pity the poor house with the misfortune of being located on a high FAR lot in one of the boomtown areas near downtown Brooklyn. This likeable but not particularly distinguished 4-story brick at the corner of Lafayette and St. Felix (with the Forte in the background) is bound for a date with the wrecking ball, it appears. According to the Minsky listing on Corcoran, a developer could build a 17,275-square-foot building on this lot—and he's already got the rendering to back it up. That's why the asking price is $3,400,000, probably almost double what it would be worth on its own.
275 Washington Avenue [Corcoran] GMAP P*Shark




Posted by Brownstoner at 1:27 PM | Comments (5)
Categories: Fort Greene, HOTD

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Comments

Nice to see Jerry is up on all the local cultural hot buttons, but isn't the new library history? Thought they didn't have the money.

Posted by: Manuel at July 9, 2007 2:03 PM

2,150sf lot + buildable sf of 17,275 = FAR of 8. What kind of zoning is that? Given that this house changed hands for nearly $2mm less only a year ago, I wonder whether the zoning situation is as clear as the broker suggests.

Posted by: z at July 9, 2007 3:25 PM

Hmm, Felix and Lafayette are in a C6-1, with a tops of 3.44 Res FAR.

Maybe there's some air-rights bundled with the deal, or inclusionary housing bonus.

In any event - that setback in the rendering is horrible! Why can't they build a building that meets the street like every other structure on the block.

Posted by: Anon at July 9, 2007 4:28 PM

No way will anybody build a sliver tower at this location. Space isn't that prime that it would make sense for anybody to build them.

Posted by: Anonymous at July 9, 2007 5:26 PM

I used to live in that building--a new owner took over last spring and gave everyone 3 months to get out (and was a total high-pressure dick about it, despite the fact that he didn't have a demolition permit yet and zero progress has been made since.) I was told at the time that it would be demolished to make way stores on the bottom and luxury condos on top (yeah, what a surprise.) And no, it wasn't distinguished but the rent was dirt cheap.

Posted by: drhouse at July 9, 2007 8:11 PM

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