Bay Ridge Real Estate

412 55th, Sunset Park, NY 11220

[Sunset Park Real Estate, listing number 7353352]
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Description: 7353352
   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!

Details:
   Property Type: House
   Lot Size: Irregular (per s
   Acres: 0.07
   School District: Brooklyn 13

Financials:
   Price: $2,700,000
   Taxes: $6,000

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