Wednesday, September 30, 2009

After the demo, 391 14th Street looks for a partner.

"Itzhaki Properties has been retained on an exclusive basis to market the development site at 391 14th Street in the Park Slope section of Brooklyn. This site contains 5,500 s/f of buildable square footage and has a 25x100 footprint. It is located on a prime block right off of 7th Avenue. Ownership is looking for a joint venture or to sell as is. Shay Zach and Albert Beyda are handling the transaction." -Real Estate Weekly

R6B Zoned across from the New Park Slope Armory Sports Facility.
So the owner is looking for a partnership or to sell as is for $1,200,000 cash. The buildable square footage is due to a zoning lot merger with the building next door.

Comes with a DOB approved set of plans for a 5 story, 5 unit, 50' tall building with curb cut, off street parking, and a 421-Tax Abatement. Itzhaki is advertising the now vacant lot as having a completed foundation.


391 14th Street prior to demolition. Notice the existing driveway pass through. Demo signed off on 6/6/2008. These old semi-attached homes on 25' wide lots
have been a favorite target of speculators in the SSlope and Green Wood Heights hoods.

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