Nest Seekers

Rare development opportunity in Sunset Park, Brooklyn !

412 55th
New York, NY 11220

Listing

Web ID:5804881
Website:https://www.nestseekers.com/5804881

Property

Ownership: For Sale
Type: Unknown
Bedrooms: Studio
Lot Size: 1 Acres

Financials

Price:$2,700,000
Annual Taxes:$6,000

Description

Rare development opportunity in Sunset Park, Brooklyn! Located off 4th Avenue, 412 55th Street features approximately 2,766 SF of irregular land with an existing front garage and former assembly/community space toward the rear. Zoned R7A/C2-4 with a 4.0 residential FAR, yielding approximately 11,064 SF of theoretical residential zoning floor area. Offers tremendous redevelopment potential for residential condominiums, multi-family rental, mixed-use, retail, medical/professional offices, or community facility use. The front garage provides an opportunity for integrated private parking. Preliminary architectural concepts propose an 18-unit residential condo development with 1 retail space and 1 community facility space. Conveniently located near public transportation and commercial corridors. Package deal option: available individually or together with adjoining site at 404 55th Street!

Contact

Williamsburg, NY
578 Driggs Avenue Brooklyn, NY 11211
Phone: +1 718-302-0900
Fax: +1 718-228-3917
williamsburg@nestseekers.com
Listing Courtesy of RE/MAX Edge
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