NEW YORK | 275 Flatbush Ave Ext | FT | FLOORS

https://www.crainsnewyork.com/real-estate/jay-group-acquires-downtown-brooklyn-lots-625-million

Looks like a promising assemblage in Downtown Brooklyn, very close to the borough’s two tallest towers (Brooklyn Tower & Brooklyn Point).

Real estate firm The Jay Group, based in Bedford-Stuyvesant, has acquired several properties off of the busy Flatbush Avenue Extension for $62.5 million, according to deeds that appeared in the city register last week. The properties include 102 Fleet Place, 275 Flatbush Ave. Extension and 165 Willoughby St.

The transaction also included $12.5 million worth of air rights to be transferred from nearby 147 Pearl St.

The Jay Group has already filed plans with the Department of Buildings to demolish the 1-story structure currently occupying the roughly 10,000-square-foot site at 275 Flatbush Ave. Extension.

The site:

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After some more digging:

https://www.bizjournals.com/newyork/news/2024/08/30/147-prince-brooklyn-office-housing-jay-group-nyc.html

Claims current zoning allows for up to 462,000 sq.ft. on a lot size of 39,000 sq.ft. By comparison Brooklyn Tower is 556,000 sq.ft. on 46,000 sq.ft. (Makes sense for 12 FAR limit)

Claims this will be a 500-unit project (no source). Brooklyn Tower is 550 units, Brooklyn Point is 458 units.

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