Land Use & Zoning
In New York, 'floor area ratio' (FAR) is a zoning tool that:
AMeasures the percentage of the lot covered by the building footprint
BExpresses the ratio of total building floor area to the area of the lot, controlling how much total floor space can be built on a given parcel✓ Correct
CSets the maximum height of a building in feet
DEstablishes the minimum open space requirement on a lot
Explanation
Floor Area Ratio (FAR) is the ratio of total gross floor area of a building to the area of the lot. For example, a FAR of 2.
People Also Study
Related New York Questions
- New York City's 'Floor Area Ratio' (FAR) determines:Land Use & Zoning
- In New York, 'incentive zoning' allows a developer to receive bonus floor area or density in exchange for:Land Use & Zoning
- In New York City, the Zoning Resolution controls:Land Use & Zoning
- Zoning bonus or floor area ratio (FAR) bonuses in NYC allow developers to:Property Ownership
- The New York City Zoning Resolution divides the city into three basic zoning districts. Which of the following is NOT one of those basic categories?Land Use & Zoning
- In New York City, 'self-certification' for building permit applications allows a licensed architect or engineer to:Property Management
- In New York, the 'gross building area' (GBA) of a property differs from 'net rentable area' (NRA) in that:Property Valuation
- In New York City, conversion of a rental building to a cooperative or condominium requires:Property Ownership
Key Terms to Know
Zoning
Local government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
Loan-to-Value Ratio (LTV)The ratio of a mortgage loan amount to the appraised value or purchase price of a property, expressed as a percentage.
Debt-to-Income Ratio (DTI)A lender's measure of a borrower's monthly debt obligations relative to their gross monthly income, used to evaluate loan eligibility.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
State-Specific Concepts
Continuing Education
Study This Topic
Practice More New York Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New York Quiz →