40 CLERMONT Avenue #NA

Architects and contractors are welcome. Delivered vacant, 40 Clermont represents a unique opportunity to build your own dream home, a live/work mixed-use property, and/or a purely commercial-use facility. Located inside the boundaries of the Brooklyn Tech Triangle, 40 Clermont is a 17' x 35' building on a 88' lot. There is currently a 1,680 square foot 2-family house on 3 levels with a cellar below. The current FAR (floor area ratio) is 2,924 square feet, which gives you an acquisition cost of $576/buildable square feet. There is new electric brought in from the street and three new panels and meters have been installed. Also, a new copper water main has been installed. If you build a community facility, the FAR doubles. M1-2 Zoning is a Light Manufacturing Zoning district in NYC. In M1-2 there are multiple uses including manufacturing, commercial, and community facility. The existing residential square footage is grandfathered into the property. Please inquire with the brokers about financing options available. The Brooklyn Tech Triangle initiative, under a partnership of the Brooklyn Navy Yard, the Downtown Brooklyn Partnership and the DUMBO Improvement District, is an effort to bring together support for growing the innovation economy of the borough. There are currently 523 Innovation Companies, proximity to 13 subway lines and 15 bus lines, 77% of the firms say more than 50% of their employees live in Brooklyn, there has been $3.1 billion dollars in economic output per annum and there is a pressing need for 2.2 million additional square feet of space to meet demand. The triangle is expected to create 18,000 jobs over the next two years. There are 127,000 residents within a one-mile radius.