TerraCRG Lists Lefferts Gardens Development Site

TerraCRG has been retained exclusively to represent ownership in the sale of 309 Lenox Rd., a residential development opportunity located in Brooklyn’s Lefferts Gardens neighborhood between Nostrand and New York Avenue. Partner Daniel Lebor and senior associate Andrew Manasia are marketing the property.

The 6,000-square-foot vacant lot has a residential FAR of 3.44, allowing for a gross residential ZFA of 20,640. The community facility bonus FAR of 4.8 provides the option to build up to 28,800 ZFA for a mixed-use project. The site is one block from SUNY Downstate Medical Center, Kings County Hospital Center, and Kingsbrook Jewish Medical Center, and a short distance to Prospect Park.

“This is a unique opportunity for developers and investors to capitalize on the significant and immediate upside potential in condominium prices in one of Central Brooklyn’s most sought-after submarkets,” said Manasia. “With its bustling commercial corridors, ample zoning opportunities, and access to major amenities and transportation, 309 Lenox Rd. offers a prime residential development opportunity in a rapidly growing and thriving community.”