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All Forum Posts by: Mike E

Mike E has started 1 posts and replied 2 times.

Post: I'm seeking advice for applying for a zoning change in a metro area (I'm in NYC)?

Mike EPosted
  • Real Estate Investor
  • Floral Park, NY
  • Posts 2
  • Votes 0

Thanks, Adam. What you said is pretty much what I expected and makes sense.

And Darren, it is something I'd like to approach seriously, and between my partner and I, we have experience doing other re-zonings and even converting a large Superfund site in LI. These big white elephant buildings, like the old warehouses in that area of Brooklyn, are something we like to seek out.

I'll do some research with the city planner's office and most likely get in touch with you. Thanks again.

Post: I'm seeking advice for applying for a zoning change in a metro area (I'm in NYC)?

Mike EPosted
  • Real Estate Investor
  • Floral Park, NY
  • Posts 2
  • Votes 0

Those of you around Brooklyn will probably know there's an area in Greenpoint / Williamsburg that is transitioning from M1 (Light Manufacturing) to mixed use and residential. Usually these changes involve policy from the mayor and city planner, but I was told by the latter that individual entities can apply to change the zoning of a block or even half a block, if the entity owns all the properties affected.

Now, acquiring all those properties would be quite the challenge in itself. But assuming it done, how possible and how difficult would it be to go through the rezoning process? Can it be done without political clout? What percentage of these requests are accepted? Can I look up those statistics anywhere?

Any insight you can offer will be highly appreciated :)