111-117 GROVE ST & 60 MENAHAN ST

INVESTMENT HIGHLIGHTS

• 140 Feet of Block-Through Frontage: The site includes 90’ x 100’ along Grove Street (Block 3314, lots 68, 69, & 70), as well as an adjoining 50’ x 100’ on Menahan Street (lot 24).
• Approved Plans: Plans for a 40-unit free market building available in the due diligence folder linked below (does not include UAP bonus).
• As-of-Right Buildable: Narrow street results in a base FAR of 2.20, totaling 30,800 BSF, easily massed on the lot footprint.
• City of Yes Buildable: FAR bonus up to 3.90, totaling 54,500 buildable square feet. (20% bonus for abatement suggests 37,000 BSF).
• Accessibility: Within blocks J & Z train at Gates Avenue, with access to Williamsburg & Lower Manhattan within 15-25 minutes and Broadway Junction within 10 minutes.
• Neighborhood Amenities: Property is in close proximity to Blink Fitness, Walgreens, CTown, Key Foods, several hotels, and countless restaurants and cafes.