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The property is a mixed-use development site, improved by a 19,380 SF two-story warehouse located on the northeast corner of Portal and Union St.
The owners are requesting that a developer build them a ground floor community facility condo within the future development.
Property is situated in R6 zoning, with a 2.2 FAR as-of-right, allowing for up to 20,627 BSF of residential use.
A developer can further increase the total BSF via the Community Facility bonus, allowing for a maximum of 45,005 BSF.
This site would be eligible for Affordable NY (421a) 35-year tax benefit, assuming 30% of the units at 130% AMI.
Site benefits from being right on Lincoln Terrace Park along Eastern Parkway, one of Brooklyn’s major thoroughfares.
Public transportation located within three blocks to 3,4 trains at Express Utica Avenue station or 3 train at Sutter Avenue-Rutter Road station.