706-255-5657
645 4th Ave, Brooklyn, NY for Sale
Residential LAND - FOR SALE
1/8
2,653 SF

645 4th Ave
Brooklyn, NY 11232
South Slope


HIGHLIGHTS

  • Thriving 4th Ave Corridor in South Slope/Greenwood Heights
  • 15,977 BSF as of right / 19,109 BSF with UAP
  • Condos averaging $1,300/SF and Rentals averaging $70/SF
  • Development or End-User Potential
  • Close to F, G, D, N, R, and W Subway lines

OVERVIEW

Compass has been retained on an exclusive basis to facilitate the sale of 645 4th Avenue, a rare and flexible commercial building with significant development potential located along Brooklyn’s thriving 4th Avenue corridor. The existing structure spans approximately 2,560 square feet with ~13’ ceilings and is situated on a 2,654 square foot lot zoned R8A / C2-4 / EC-1 which is ideal for a wide range of future uses. As-of-right zoning allows for a total of 15,977 buildable square feet, with the potential to increase to 19,109 BSF via the UAP bonus. With a 2.0 commercial FAR and up to 5,308 SF of potential retail, the site offers excellent metrics for a 485X mixed-use development along an active corridor. The surrounding area has seen a wave of new development with condominiums selling for ~$1,300/SF and residential rentals averaging north of $70/SF providing a strong market foundation for either strategy. Alternatively, the existing structure offers value for an owner-user seeking a centrally located retail space, medical building (up to 17k+ BSF for community facility), or showroom with its curb cut and street visibility. Feel free to reach out to nathan.horne@compass.com / 706-255-5657 with questions, to request additional documentaion, or to make an offer. Co-brokers welcome.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

645 4th Ave.

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

-

LAND ACRES

0.06 AC

LAND SF

2,653 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

R8A / C2-4 / EC-1

APN/PARCEL ID

00637-0005

ASK ABOUT THIS PROPERTY

Nathan HorneCompassMore Info
706-255-5657

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Nathan HorneCompassMore Info
706-255-5657

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