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32-40 Nevins Street is a 124.5’ x 60’ development site comprising two vacant lots located on the northwest corner of Nevins and Schermerhorn Streets in Downtown Brooklyn. The site lies within a C6-4/DB zoning district with an FAR of 10.0, allowing for 74,700 SF of buildable rights for the potential development of residential, commercial or hotel use. The current zoning also allows for an inclusionary housing bonus of 2.0 FAR, allowing for 89,640 SF of buildable rights. The subject has approved plans for a 13-story hotel containing 203 guest rooms.

The property is also situated in the Special Downtown Brooklyn District (DB), which as been established to promote and support the continued growth of Downtown Brooklyn as a unique mixed-use area. Historically the economic, civic and retail center of the borough, Downtown Brooklyn is the city’s third largest central business district surrounded by historic residential neighborhoods. The location and diverse zoning regulations represent a unique opportunity for any future residential, commercial or community development.

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Neighborhoods: Downtown Brooklyn/ Agents: Stephen Palmese