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Posted: Tuesday, November 27, 2012 11:42 AM

Replyernyagent@yahoo.com

EXCELLENT DEVELOPMENT LOCATION
Beautiful residential location. Its an excellent location, 1 block
from subway, 20 minutes to manhatten, schools and shopping. They are asking for $92 - $95 per buildable Square foot.
I've enclosed the pic of the parcel map showing the property in question highlighted in neon yellow.

Block: 9762
Lots: 10, 12, 14, 16, 17, 19, 20, 21, 23 (Working on13,15,22)
The lots are zoned R7 with and FAR of 4

They also have a single parcel on 89th avenue 1 block away.
Block:9755 Lot 15. It is right next door to a high end apartment
building called MODA and Grocery Store. The price
for this lot is $1million. MODA has offered $850K and they refused.
MODA wants this lot very badly.

BLOCK: 9762
LOTS:
10- R7A FAR 4 – 50 x 125 (6,250 Sq ft) (On 153 street Between 88th and 89th avenue)
12- R7A FAR 4 – 25 x 75 (1,875 Sq ft)
14- R7A FAR 4 – 25 x 75 (1,875 Sq ft)
16- R7A FAR 4 – 25 x 75 (1,875 Sq ft)
17- R7A FAR 4 – 50 x 125 (6,250 Sq ft)
19- R7A FAR 4 – 25 x 125 (3,125 Sq ft)
20- R7A FAR 4 – 16.42 x 125 (2,000 Sq ft)
21- R7A FAR 4 – 16.25 x 125 (2,000 Sq ft)
23- R7A FAR 4 – 25 x 125 (3,125 Sq ft)
Working on Acquiring #13, #15, #22.
275 Sq. Ft x 125 Sq. Ft = 34,375 Sq. Ft x FAR 4 = 137,500 Buildable Sq. Ft
Asking Price: $92 to $95 a buildable sq.ft. There is Sewer/water/gas and electric.

4% buyer Broker Fee.

Block:9755 / Lot 15.: R7A FAR 4 – 37.5 x 100 (3,742 Sq ft)

SITE SURVEY AVAILABLE!!!!

ERNESTO RAMDAWAH
ZARA HOLDING CORP.
646-610-3061
eramdawah@jasmine-homes.com


Zoning: R7-A
What is an R7A Zoning District?
The Quality Housing bulk regulations, which are mandatory in R7A districts, typically produce high lot coverage, seven- and eight-story apartment buildings, blending with existing buildings in many established neighborhoods.

The floor area ratio in R7A districts is 4.0. Above a base height of 40 to 65 feet, the building must set back to a depth of 10 feet on a wide street and 15 feet on a narrow street before rising to its maximum height of 80 feet. In order to preserve the traditional streetscape, the street wall of a new building can be no closer to the street line, up to a depth of 15 feet, than any building within 150 feet of the same block. The area between a building's street wall and the street line must be landscaped. Off-street parking is not allowed in front of a building. Parking is required for 50% of dwelling units and may be waived if 15 or fewer spaces are required.
The contextual Quality Housing regulations, which are mandatory in R7A districts, typically produce high lot coverage, seven- and eight-story apartment buildings,blending with existing buildings in many established neighborhoods. R7A districts are mapped along Prospect Park South and Ocean Parkway in Brooklyn, Jackson Heights in Queens, and in Harlem and along the avenues in the East Village in Manhattan.

The floor area ratio (FAR) in R7A districts is 4.0. Above a base height of 40 to 65 feet, the building must set back to a depth of 10 feet on a wide street and 15 feet on a narrow streetbefore rising to a maximum height of 80 feet. In order to preserve the traditional streetscape, the street wall of a new building can be no closer to the street line, than any building within 150 feet on the same block, but need not be farther than 15 feet. Buildings must have interior amenities for the residents pursuant to the Quality Housing Program. Off-street parking is not allowed in front of a building. Parking is required for 50% of all dwelling units.

88ave at 153rd street, 11435    google map | yahoo map

• Location: Queens, 153 street

• Post ID: 34979969 newyork
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