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TerraCRG Markets Downtown Brooklyn Development Site
TerraCRG has been retained to sell 340 Livingston St., a corner property currently being used as a commercial building in downtown Brooklyn. Partners Ofer Cohen, Dan Marks and Daniel Lebor are marketing the property alongside their investment sales team.
The 16,750-square-foot, four-story building sits on a 3,531-square-foot lot on the corner of Nevins and Livingston streets. Current zoning allows for a residential ZFA of 35,315. Additionally, the site’s inclusionary housing FAR of 12.0 will allow for development of up to 42,377 square feet.
“We are very excited to bring this 100% leased building to the Downtown Brooklyn market,” said Cohen. “Prime for residential development, the site provides a unique investment opportunity as it has the potential to be delivered vacant in 2027.”
- ◦Sale/Acquisition