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.
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Listing courtesy of Christies International Real Estate Group LLC, Farbod Yarahmadi - (201) 303-7089
