381 Arbutus Avenue

New York NY 10312

53707 sq. ft.

Land

Currently for sale - view listing

Overview

Unlock the Potential of Waterfront Living! Explore the exciting new possibilities introduced by the City of Yes initiative—consult with your architect today, this property could be a gold mine. This expansive R3-2 zoned waterfront property spans 53,707 square feet, offering a rare opportunity for development in a prime location. Utilities are available in the street, making the path to development even smoother. Just a short walk to schools and public transit, this site is perfectly positioned for convenience and growth. Don't miss your chance to maximize this exceptional development opportunity! Current zoning allows residential developments on sites with DOS to modify bulk to provide a usable yard area and buildable area without needing to alter the DOS. Issues: CPC review is required for all sites that contain DOS even if DOS isn't being altered, which adds additional time and costs for a property owner, or is serving an intended use such as DEP Bluebelts. In addition, more precise mapping has identified locations where DOS was unintentionally mapped over existing buildings and developed properties or within built out streets, that do not meet the goals of the Open Space Network. To ensure future developments have buildable area outside of the DOS, CPC review and best practice results in required yards to be measured outside of the DOS; however this is not codified in the zoning.