deal image
940 Montgomery StBrooklyn, NY 11213
940 Montgomery Street
Asset ClassLand
Square Feet16,546
Crown Heights Multifamily Development Site for up to 24 units
overview of deal

Overview

  • A development site which has an as-of-right zoning entitlement

to 16,646 SF.

  • Currently on-site is a vacant (2) story apartment building consisting of 4

residential units.

  • The Property is vested under the 421-a(16) Affordable New York Housing Program.
  • This allows the project to be completed by June 15, 2031, to qualify for the 35-year tax abatement. After June 15, 2026 only Option A and Option B are available.
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940 Montgomery StBrooklyn, NY 11213

Sales Team

, New York, NY 10016

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Listing provided by Revere CRE