UPDATED:
Key Details
Property Type Multi Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,800 sqft
Price per Sqft $1,663
Subdivision Park Slope
MLS Listing ID RLS20091449
Bedrooms 13
Full Baths 7
HOA Y/N No
Annual Tax Amount $19,176
Property Sub-Type Multi Family
Property Description
The property sits on a 20 ft x 90 ft lot with a current built area of approximately 5,346 square feet and building dimensions of 20 ft x 90 ft. Zoned R8A / C2-4 within the Enhanced Commercial District - 1 (EC-1), the site offers substantial development potential with a maximum buildable area of approximately 10,836 square feet, leaving additional buildable area available.
Zoning & Development Highlights:
Residential FAR: 6.02 Facility FAR: 6.5 Current FAR: 2.97 Max Buildable Area: 10,836 SF Current Built Area: 5,765 SF Property Features:
Four residential rental apartments One basement studio unit Finished basement with kitchenette Two vacant commercial storefronts Two-car garage with electric garage door Most residential units to be delivered vacant Regular-shaped corner lot with northeast exposure Ground elevation: 54 ft This versatile mixed-use asset offers exceptional flexibility for investors, developers, end-users, or 1031 exchange buyers seeking immediate income with long-term redevelopment potential. The combination of vacant commercial space, mostly vacant residential units, garage parking, and unused FAR creates multiple value-add strategies ranging from luxury rentals and condominium conversion to mixed-use redevelopment or owner-occupancy.
Perfectly positioned along bustling 4th Avenue with close proximity to transportation, retail corridors, dining, and the ongoing growth surrounding Gowanus and South Brooklyn, this is an opportunity to acquire a strategically located property with both stable fundamentals and meaningful future upside.
Location
State NY
County Kings
Interior
Interior Features Smoke Free
Cooling Other
Furnishings Unfurnished
Fireplace No
Laundry Washer Hookup, In Unit, See Remarks
Exterior
Exterior Feature Private Outdoor Space Over 60 Sqft
Parking Features Assigned, Garage
Garage Spaces 2.0
Garage Description 2.0
View Y/N Yes
View Other
Private Pool No
Building
Dwelling Type Mixed Use
Story 1
New Construction No
Others
Tax ID 01047-0001
Ownership None
Monthly Total Fees $1, 598
Special Listing Condition Standard
Pets Allowed Building No, No
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716