412 55th
New York, NY 11220

Property

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

Financials

Price:$2,700,000
Annual Taxes:$6,000
Listing Courtesy of RE/MAX Edge

Rare development opportunity in the highly desirable Sunset Park neighborhood of Brooklyn !

Description

Rare development opportunity in the highly desirable Sunset Park neighborhood of Brooklyn! Located just off the 4th Avenue corridor, 412 55th Street features approximately 2,766 SF of irregular land, with an existing garage at the front and a former church space toward the rear. Zoned R7A/C2-4 with a residential FAR of 4.0, offering approximately 11,064 SF of theoretical residential zoning floor area. This unique property offers tremendous redevelopment potential for residential condominiums, multifamily apartments, mixed-use development, retail, professional offices, medical offices, and community facilities. The existing front garage also provides an exciting opportunity to explore condominium development with private parking spaces. Preliminary architectural plans feature a proposed development consisting of 18 residential condominium units, 1 retail space, and 1 community facility. Conveniently located near subway transportation, shopping, restaurants, and established neighborhood businesses. Package Deal Available! Purchase this property individually or together with the adjoining property at 404 55th Street Contact the listing agent for architectural drawings, additional information, and private showings.

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.