HIGHLIGHTS
- Block-Through Development Site: Three tax lots with frontage on both E 18th & E 19th Streets totaling 15,185 square feet of land.
- Density & Scale: The assemblage totals 57,720 buildable SF as-of-right, or 72,290 buildable SF with City of Yes bonus.
- FAR increase from 4.00 to 5.01
- Rear yard setbacks reduced from 30 feet to 20 feet and side yard reduced from 8 feet to 5 feet, allowing for an expanded building envelope and more ef
- Parking is no longer required, resulting in significantly lower construction / excavation costs and greater potential for a residential lobby.
- Maximum building height increased from 80 feet to 115 feet, allowing for a higher density build.
FOR SALE DETAILS
PRICE
$10,800,000 USD
PRICE/SF
$2,139 USD /SF
# OF UNITS
1
PRICE/UNIT
$10,800,000
CAP RATE
Request Cap Rate
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
1259 E 18th Street
PROPERTY TYPE
Multi-Family
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1965
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.64 AC
LAND SF
27,878 SF
ZONING
R7A
APN/PARCEL ID
06738-0072
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718-701-5129
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718-701-5129
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