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TerraCRG Tapped to Sell Bay Ridge Development Site
TerraCRG has been retained to sell 456 Ovington Ave., a nearly 10,000-square-foot development site in Brooklyn’s Bay Ridge neighborhood. Partners Dan Marks and Daniel Lebor, along with senior associates Andrew Manasia and Jackson O’Neill, are marketing the property.
Current zoning for the 9,260-square-foot vacant lot permits up to 0.5 residential and 2.0 community facility FAR, allowing 4,630-square-foot residential ZFA for a 1-2 family home or 18,520-square-foot ZFA for a community facility.
“The site will be delivered with proposed plans for a three-story community facility building with a cellar and 12 accessory open parking spaces,” said Marks. “It represents a unique opportunity to build in a diverse and evolving neighborhood.”
- ◦Sale/Acquisition

