101 Graham Ave, Brooklyn, NY 11206

Description

99 & 101 Graham Avenue Williamsburg, Brooklyn

Prime Corner Development Opportunity

Offered for sale is a rare corner development site spanning 50 x 100 feet , R6 Zoning @  99-101 Graham Avenue, in the heart of Williamsburg-one of Brooklyn's most resilient and high-demand markets. The site is currently improved with two three-story buildings, 4 residential and 2 commercial units.

providing immediate optional income while plans are finalized.

This assemblage presents multiple as-of-right and programmatic development pathways, making it suitable for both luxury and mixed-income strategies.

Development Scenarios Include:

1. Condominium Development - Approx. 15,000 SF

Ideal for a boutique luxury or mid-market condo project, maximizing sellable square footage while maintaining efficient construction costs.

2. Condominium with Facilities - Up to 24,000 SF

A larger-scale residential development incorporating complementary neighborhood-serving uses-such as a daycare, medical office, or similar facilities-designed to enhance resident appeal, support premium pricing, and create clear market differentiation.

3. Universal Affordability Preference (UAP) Program - Up to 19,500 SF

The property is eligible for the UAP program, offering increased residential floor area in exchange for providing the required number of affordable housing units-an attractive option for developers seeking density with public benefit incentives.

Key Highlights:

• Corner lot with strong light, air, and design flexibility
• 50' frontage allows for efficient unit layouts and street presence
• Located in a proven condo and rental submarket
• Multiple zoning-compliant development outcomes
• Strong long-term fundamentals driven by Williamsburg demand

This is a flexible, high-upside site suited for developers, investors, or owner-builders looking to execute a strategic residential project in one of Brooklyn's most established neighborhoods.