Opportunity Zone development opportunity with up to 21 Residential Units with 6 Parking Spaces and 1 Ground Floor Community Facility Space. Tailored for Condos or Rental where sales have exceeded $700/SF and residential units rent well over to $40/SF making this an excellent development opportunity. The Corner Lot is irregular measuring approximately +/- 47 x +/-77 and the Gross SF for the development is 17,371.2 with community facility or 14,476 with residential only with an estimated 15,395.52 Saleable SF with parking. Multiple Options available from L shaped with Community, 7 Story with Rear Yard, 7 Story with Balconies + Court or 4 Story Fully Built.
Located on bustling 4th Avenue on Shore Rd and its greenways. A central location which is proximate to the R subway line on Bay Ridge Ave & N/R subway lines on 59th St, multiple Parks, the New York Bay/Bay Ridge Channel & Waterfront. Easy access to the Brooklyn-Queens expressway. Some of your neighbors include Bank of America, NYU Langone, Maimonides Medical, Tribeca Pediatrics, Rite-Aid, Alpine Cinema, Toyota, BMW and so much more!
All material herein is intended for information purposes only and has been compiled from sources deemed reliable. Though information is believed to be correct, it is presented subject to errors, omissions, changes, or withdrawal without notice. Buyer to verify all information.
$3,400,000 / $555 per ft²
Listed on Mar 17, 2021
185 Days on Market
Not updated in 171 days
- Beds / 2.0 Baths / 6,122 ft²
Total Monthly expenses: -
Maintenance: - / R.E. Taxes $4,090
Exclusively listed with: The Corcoran Group Source: RLS
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