Listing Agency: JLL - New York City, New York

Listed By: Brendan Maddigan · License #NY 10301206472 Show Phone

Source: Crexi

Added: Jul 21 Changed: Aug 30 Last Checked: Sep 1 at 7:05PM

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Investment Insights

Based on property information with market context.

This offering consists of inclusionary air rights intended for use with development projects in Brooklyn’s Williamsburg and Greenpoint neighborhoods. The rights can support additional FAR while avoiding the affordability requirement associated with the underlying inclusionary framework, allowing resulting residential or mixed-use development to remain entirely market-rate.

The rights may be allocated to one project or distributed across multiple projects. They can also be held for future use or transferred through resale, providing flexibility in project timing and execution. The opportunity is structured around development-rights utilization rather than a conventional land parcel.

Key Highlights

• Inclusionary air rights available for Brooklyn projects
• Applicable in the Williamsburg and Greenpoint neighborhoods
• Can support additional FAR without the affordability requirement

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Law Firm Nursing Home (Bike/Boat/Book/etc) Store Adult Day Care Auto Parts Store Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

8,980

Businesses Nearby

Explore this area Business Placement

Demographics for 11211, NY

68,540

Population

29,068

Households

2.4

Avg Household Size

31

Median Age

55%

College-Educated

86%

High-School Grad

1.5 sq mi

ZIP Area

45,693

Density / Sq Mi

$105,183

Median Household Income

$67,533

Median Earnings

$2,357

Median Rent

$1,118,600

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this commercial land located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Commercial land - Development rights support market-rate residential or mixed-use projects.

Where is this commercial land located?

The property is located at Inclusionary Air Rights - CB1 Brooklyn New York, NY.

What are key features of this property?

This property features: Inclusionary air rights available for Brooklyn projects; Applicable in the Williamsburg and Greenpoint neighborhoods; Can support additional FAR without the affordability requirement