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53 4th Avenue - Availability Details

53 4th Avenue, Brooklyn, NY 11217

  • For Sale Under Contract
  • City Brooklyn
  • Neighborhood Park Slope
  • Zip Code 11217
  • Market Brooklyn
  • Property Type Multi-Family
  • Property Size 4,320 Sqft
  • Year Built 1920
  • Date Updated 10 Jun, 2021
The subject property is a 4-story, vacant, 4-family building located on the east side of 4th Avenue between Dean and Bergen Street.
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Location

  • City Brooklyn, NY
  • Neighborhood Park Slope
  • Zip Code 11217
  • Market Brooklyn

Contacts

broker

Bobby Lawrence

B6 REAL ESTATE ADVISORS

(646) 933-2648

Highlights

  • The subject property is a 4-story, vacant, 4-family building located on the east side of 4th Avenue between Dean and Bergen Street.
  • Property is situated in R8A / C2-4 zoning, with a 6.0 As-of-Right FAR, allowing investors to utilize 5,312 SF of air rights.
  • Fully free-market, not subject to any rent stabilization laws.
  • As Tax Class 2B, the building is protected from egregious tax increases.
  • Less than two blocks to the B, D, N, Q, R, 2, 3, 4, 5 Atlantic Avenue Barclays station, providing access to Downtown Brooklyn and Manhattan within 5-15 minutes.
  • Property is located within walking distance of the Barclays Center and some of Park Slope’s most popular bars, restaurants and retail.
  • Property presents a fantastic opportunity for a developer to invest in Brooklyn's most dynamic area – with high-end condo developments coming online at $1,300 per sf, 4th Ave is beginning to transform from a busy thoroughfare to a thriving area to live, work, shop and play.

Attachments

Contact Listing Broker

broker

Bobby Lawrence

B6 REAL ESTATE ADVISORS

(646) 933-2648

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