44-50 Hoyt Street
Bridge Property Advisors has been exclusively retained to market for ground lease 44-50 Hoyt Street (the “Property or Site”), a development site located in the heart of Downtown Brooklyn, one of
the most dynamic and historically significant neighborhoods of New York City.
Located on the corner of Hoyt Street and Schermerhorn Street, the combined Property, approximately 81 feet x 75 feet has a footprint of 6,075 square feet and currently is improved by one four-story and three three-story mixed use buildings.
The Site offers approximately 80,430 buildable square feet, as of right, allowing for a mixed-use residential building with retail on the ground floor, commercial, hotel or community use.
Property Overview
Address
: 44-50 Hoyt Street, Downtown Brooklyn, NY 11201
Lot SF
: 6075
Block_Lot
: 164_41, 40, 39, 138
Lot Dimensions
: 81' x 75'
Building SF
: 0
Zoning
Zoning
: C6-4, DB
FAR
: 10-12
Total Buildable SF
: 80,430
Taxes
Assessment
: $515,146
Taxes
: $79,247
Tax Rate
: 21.045%