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.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
CRE courses for CE credits
Get CE course credits, centered around all things CRE. View our courses today!