Purchase price: $535,000. School (2 stories): 22,000 sf. Cafeteria: 3,700 s.f. Total approx.: 25,700 s.f. SFT -2: Multi-Family that allows 16.5 units/acre. Zoning Department is supportive of upzoning property to RO (Residential-Office) which allows 43 units per acre to achieve the proposed density of 85 units. 20 (1 BRs) in school. 65 additional units in new rowhouse buildings on vacant land adjacent to the school. (20) 1BRs, (30)2BRs, (35) 3BRs. All units at 60% AMI however sized to between 50-60% AMI.
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