Boutique Residential Development
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306 Water Street, New York, NY 11201
A zoned R6B Brooklyn site with a clean 50’ x 100’ lot and an existing single-story building for redevelopment.
Property Size5,000 SF
Lot Size0.11 Acres
Days on Market61
Property Features for 306 Water Street
General Information
Standard status
Active
Size
5,000 SF
Lot size
0.11 Acres
Property subtype
Retail
Zoning
R6B
Investment Type
Redevelopment
Building Details
Stories
1
Listing Agency:
JLL - New York City, New York
(212) 812-5700
Listed By:
Michael Mazzara · License #NY 10401228904
Source:
Crexi
Added: Jun 10
Changed: Aug 8
Last Checked: Jul 16 at 8:52AM
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 JLL - New York City, New York
Investment Insights
Based on property information with market context.
306 Water Street offers a 50' x 100' lot with an existing 5,000 SF single-story building positioned for redevelopment. The site is zoned R6B and provides an opportunity for 10,000 ZFA (Standard) or 12,000 ZFA (UAP), supporting flexible residential development concepts. The property also presents the opportunity to build two 25' townhouses on the site.
The site is located in the DUMBO / Vinegar Hill area of Brooklyn and is described as being in an Inner Transit Zone. Access to Manhattan and the wider metro area is supported by nearby transit at York Street station, with Lower Manhattan reachable in under 10 minutes and Midtown in under 20 minutes, as well as waterfront commuting via the Dumbo ferry terminal. The neighborhood’s amenities are noted as being within walking distance, including Brooklyn Bridge Park, Time Out Market, Empire Stores, and a collection of restaurants, cafes, and boutique retailers.
For developers, the property is positioned to support either a rental development strategy that may benefit from 485-X tax abatement incentives, or a condominium project driven by the fundamentals described for the area. With boutique-scale parameters and a redevelopment-ready existing building, the site is suited for buyers seeking a compact, townhouse-oriented residential development within a well-connected waterfront community.
The site is located in the DUMBO / Vinegar Hill area of Brooklyn and is described as being in an Inner Transit Zone. Access to Manhattan and the wider metro area is supported by nearby transit at York Street station, with Lower Manhattan reachable in under 10 minutes and Midtown in under 20 minutes, as well as waterfront commuting via the Dumbo ferry terminal. The neighborhood’s amenities are noted as being within walking distance, including Brooklyn Bridge Park, Time Out Market, Empire Stores, and a collection of restaurants, cafes, and boutique retailers.
For developers, the property is positioned to support either a rental development strategy that may benefit from 485-X tax abatement incentives, or a condominium project driven by the fundamentals described for the area. With boutique-scale parameters and a redevelopment-ready existing building, the site is suited for buyers seeking a compact, townhouse-oriented residential development within a well-connected waterfront community.
Key Highlights
- 50' x 100' (5,000 SF) lot at 306 Water Street with an existing 5,000 SF single‑story building for redevelopment
- Zoned R6B with development potential of 10,000 ZFA (Standard) or 12,000 ZFA (UAP)
- Opportunity to build two 25' townhouses on the site
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,841
Businesses Nearby
Explore this area
Business Placement
Demographics for 11201, NY
69,703
Population
36,155
Households
1.9
Avg Household Size
35
Median Age
79%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
49,788
Density / Sq Mi
$169,285
Median Household Income
$113,681
Median Earnings
$3,207
Median Rent
$1,131,700
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - A zoned R6B Brooklyn site with a clean 50’ x 100’ lot and an existing single-story building for redevelopment.
Where is this residential land & home lot located?
The property is located at 306 Water Street New York, NY.
What are key features of this property?
This property features: 50' x 100' (5,000 SF) lot at 306 Water Street with an existing 5,000 SF single‑story building for redevelopment; Zoned R6B with development potential of 10,000 ZFA (Standard) or 12,000 ZFA (UAP); Opportunity to build two 25' townhouses on the site
