Residential Development Land
For Sale
$285,000
2912 W 31st St, Brooklyn, NY 11224
Buildable Brooklyn lot with flexible FAR limits, supporting residential and affordable housing development options.
Property SizeContact for details
Lot Size0.05 Acres
Days on Market122
Property Features for 2912 W 31st St
General Information
Standard status
Active
Lot size
0.05 Acres
Property subtype
Land
Taxes and HOA fees
Annual Taxes
$7,491
Listing Agency:
(929) 391-9163
Listed By:
Zain Javed
(929) 391-9163
Source:
Elliman
Added: Apr 27
Changed: Aug 8
Last Checked: Apr 27 at 8:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Zain Javed
Investment Insights
Based on property information with market context.
This for-sale development lot is sized at 1,959 square feet with lot dimensions of 34 feet by 57.62 feet. The property is subject to flexible floor area ratio (FAR) rules, including an affordable housing plus residential framework with defined residential and facility FAR calculations.
Based on the stated FAR parameters, the site can support up to 4,300 square feet of residential (free market) and up to 3,300 square feet of affordable housing at 60% AMI. If the residential FAR is used, the site can be built up to 4,700 square feet for either mixed use or all apartments. If the facility FAR is used, it can be built up to 9,700 square feet. Accessibility indicators provided include a BikeScore of 42 and a walkScore of 43, with a transitScore of 47.
The property is offered as land and is positioned for developers evaluating attainable density under the provided FAR ranges and affordable housing participation requirements.
Based on the stated FAR parameters, the site can support up to 4,300 square feet of residential (free market) and up to 3,300 square feet of affordable housing at 60% AMI. If the residential FAR is used, the site can be built up to 4,700 square feet for either mixed use or all apartments. If the facility FAR is used, it can be built up to 9,700 square feet. Accessibility indicators provided include a BikeScore of 42 and a walkScore of 43, with a transitScore of 47.
The property is offered as land and is positioned for developers evaluating attainable density under the provided FAR ranges and affordable housing participation requirements.
Key Highlights
- Buildable lot totaling 1,959 SF with dimensions 34 ft x 57.62 ft
- Residential FAR of 2.43: can build up to 4,700 SF of mixed use or all apartments if residential FAR is used
- Facility FAR of 4.8: can build up to 9,700 SF if facility FAR is used
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
829
Businesses Nearby
Explore this area
Business Placement
Demographics for 11224, NY
46,019
Population
21,354
Households
2.2
Avg Household Size
46
Median Age
33%
College-Educated
82%
High-School Grad
1.6 sq mi
ZIP Area
28,762
Density / Sq Mi
$41,449
Median Household Income
$41,233
Median Earnings
$905
Median Rent
$512,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Buildable Brooklyn lot with flexible FAR limits, supporting residential and affordable housing development options.
Where is this residential land & home lot located?
The property is located at 2912 W 31st St Brooklyn, NY.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Buildable lot totaling 1,959 SF with dimensions 34 ft x 57.62 ft; Residential FAR of 2.43: can build up to 4,700 SF of mixed use or all apartments if residential FAR is used; Facility FAR of 4.8: can build up to 9,700 SF if facility FAR is used
