Development opportunity located in in the Ocean Hill neighborhood of Brooklyn. The site consists of 22,305 buildable square feet. a qualified residential site with a 2.5 FAR. Parking is now waived under the new City of Yes program. The price per buildable square foot for this property is $134.49. This property is situated within an R5 residential zoning district with a C2-3 commercial overlay. This zoning allows for medium density residential development including detached, semi-detached, and multi-family homes, with a maximum Floor Area Ratio (FAR) of 1.25.