Proposed New Residential Building - Brooklyn, NY

[Chris Marangoudakis]

In 2009 my father-in-law purchased an empty lot in Brooklyn, NY. He purchased the lot for $265,000 and he received zoning calculations from two architects. I do not know specific details (I married his daughter in 2013), but from what he tells me, the zoning on the property changed pretty soon after he bought the lot.

Under the previous zoning coverage, both architects told him that he could put up a building with a cellar and four floors above to end up with approximately 10,000 SF. He tells me that this could have then been divided up with a community facility on the 1st floor and 6 apartment units (2 each on the 2nd, 3rd and 4th floors). The building was then re-zoned and what he tells me that he can only put up a building with a community facility and 4 apartments in lieu of 6. He has not touched the property since then and completely put it on the back burner.

I am going to begin looking through his paperwork so that I can research this a little bit more. I would like to update this topic as I do more research and I would love to hear some feed back from the experts on this forum.

The lot is just sitting there growing weeds...might as well try and see if I can make something out of it.