9318 Avenue D

Asset CRG Advisors has successfully facilitated the sale of 9318 Avenue D in Canarsie, Brooklyn — a 421a vested development opportunity. Sold for $905,000, the site was originally approved for a 7-unit residential building with 3 parking spaces, totaling 6,887 buildable square feet at an FAR of 0.75. Following the City of Yes zoning update, the FAR increased to 1.5, expanding the buildable square footage to 10,330 SF and allowing for the development of up to 15 residential units.