THE ULTIMATE KNOWLEDGE BASE

The BKREA Market Intelligence

Plain-English answers on zoning, air rights, development value, and selling — written for owners, not lawyers.

Comparisons

QRS vs. Standard Low-Density As-of-Right Development

QRS-Eligible Site Standard Low-Density As-of-Right
Zoning districts where applicable R3, R4, or R5 (contextual or non-contextual); must also be in the Greater Transit Zone R1–R5 (all low-density districts, no transit requirement)
Transit proximity requirement Must be within the Greater Transit Zone (mapped boundary, generally subway-proximate neighborhoods) None
What can be built 3–5 story multifamily apartment building 1–2 family home; small multifamily in some R3/R4 districts
FAR available Up to 2.0 FAR residential (R5 equivalent) within Greater Transit Zone, regardless of actual district Varies: R3 ≈ 0.5–0.6; R4 ≈ 0.75–0.9
Approval process required As-of-right (no discretionary approval, no ULURP) As-of-right
Parking requirements Waived for 75 units or fewer (in Greater Transit Zone) Required (typically 1 space per unit in outer boroughs, pre-COYHO rules apply elsewhere)
Design requirements No side yards required (5-ft open area if any side area provided); height/setback per R5 standards; street wall and setback rules apply Standard R1–R5 yard, height, and setback requirements
Effect on land value Significant increase, lot can now support a multifamily building worth a multiple of the prior as-of-right value Baseline; value reflects 1–2 family home potential only
Who is the likely buyer Multifamily developer, condo developer, rental developer Owner-user, small investor, 1–2 family builder
What an owner should do first Confirm QRS eligibility via DCP's Zoning Map and Greater Transit Zone dataset; consult a zoning attorney or architect to model development potential No immediate action needed; existing development rights unchanged