Shovel-Ready Multifamily Development
940 Montgomery St New York City, NY 11213
940 Montgomery St, New York City, NY, 11213
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For Sale
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Plans are filed for an 18-unit residential building, extending an existing two-story four-family structure.
Property Size13,060 SF
Lot Size0.11 Acres
Days on Market99
Property Features for 940 Montgomery St
General Information
- Standard status
- Active
- Size
- 13,060 SF
- Lot size
- 0.11 Acres
- Property subtype
- Multifamily, Land
Building Details
- Year Built
- 1924
Listing agency
BKREA
(917) 509-9501
Listed by
Bob Knakal · License #NY 10301211305
Source
Crexi
Added: Apr 16 Updated: Jul 22 at 11:03PM Checked: Jul 22 at 11:03PM
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 BKREA
Investment Insights
Based on property information with market context.
940 Montgomery Street offers a shovel-ready development opportunity for a planned 18-unit residential building in Crown Heights, Brooklyn. The project contemplates a vertical extension of the existing two-story, four-family structure, with a unit mix of 9 studios, 5 one-bedrooms, and 4 penthouse loft units featuring private roof terraces. Demolition plans are in place and the detailed architectural program is prepared by Hany Rizkalla Architect PLLC.
The site is in an R7-1 zoning district and is planned with a 2.71 FAR, within an allowable 3.44 FAR. Current ownership has already sold 2,000 SF of air rights (equivalent to 6 units of density) to the neighboring property, and the application reflects those prior transactions.
The current proposal includes approximately 13,060 square feet of zoning floor area on a 4,811 SF lot. Access to multiple subway lines and bus routes is cited as part of the site’s central transportation connectivity in the neighborhood.
The site is in an R7-1 zoning district and is planned with a 2.71 FAR, within an allowable 3.44 FAR. Current ownership has already sold 2,000 SF of air rights (equivalent to 6 units of density) to the neighboring property, and the application reflects those prior transactions.
The current proposal includes approximately 13,060 square feet of zoning floor area on a 4,811 SF lot. Access to multiple subway lines and bus routes is cited as part of the site’s central transportation connectivity in the neighborhood.
Key Highlights
- Plans filed for an 18‑unit residential building totaling approx. 13,060 SF zoning floor area on a 4,811 SF lot
- Vertical extension of existing two‑story 4‑family structure (built 1924)
- Unit mix: 9 studios, 5 one‑bedrooms, and 4 penthouse loft units with private roof terraces
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Plans are filed for an 18-unit residential building, extending an existing two-story four-family structure.
Where is this apartment building located?
The property is located at 940 Montgomery St New York City, NY.
What are key features of this property?
This property features: Plans filed for an 18‑unit residential building totaling approx. 13,060 SF zoning floor area on a 4,811 SF lot; Vertical extension of existing two‑story 4‑family structure (built 1924); Unit mix: 9 studios, 5 one‑bedrooms, and 4 penthouse loft units with private roof terraces
