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NewLuxury

$2,700,000

5 days on market

412 55th St

Brooklyn, NY 11220

· 8% down, 7% APR, 30yr fixed

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Listing narrative

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!

Listing agent (MLS): Zaiyou Zhu · Listing brokerage (MLS): RE/MAX Edge

Property Details

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Price

$2,700,000

Beds

Beds n/a

Type

Land

Home Size

Sqft n/a

Baths

Baths n/a

Lot Size

1.00 acres

Year

Year n/a

Status

New

Days on Market

5

· 8% down, 7% APR, 30yr fixed
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Courtesy of RE/MAX Edge