Air rights deal in downtown Brooklyn approved

 

Transfer of 75,000 sq.ft. of development rights from City property will increase Brooklyn residential tower. On June 27, 2007, the City Council approved a plan by DCAS to sell 75,000 sq.ft. of air rights from a City-owned property at 287 Gold Street in downtown Brooklyn, containing two, two-story buildings used by the FDNY and the NYPD. The sale of the air rights necessitated Council’s approval of a negative easement limiting the City’s future ability … <Read More>