176-178 Division Avenue, Williamsburg, Brooklyn

176-178 Division Avenue is a 41’x100’ vacant lot in Williamsburg, Brooklyn. The site’s R6 zoning renders it developer-friendly. The total buildable square footage is 23,500, which is to be divided between residential (14,855 square feet), community facilities (4,100 square feet), and retail (4,100 square feet). The foundation
for the project has already been laid.

Residential units will range from 700 to 1000 square feet, with one-to-three bedrooms, each with nine-to-ten-foot ceilings. Each unit will feature a terrace, and the building will have a shared roof space. The property has a 421a tax abatement in place, which presents a very significant benefit to unit buyers.