4812 3rd Avenue

Sunset Park   |   47th Street & 48th Street

Building For Sale
$ 1,399,000
Ownership Multi-Family
Lot Size 18'x100'
Floors/Apts 3/3
Status Active
Real Estate Taxes [Per Annum] $ 4,734
Building Type Townhouse
Building Size 18'x55'
Year Built 1931
ASF/ASM 3,094/287
Listing ID: 80968TH

Property Description

Live Auction! Bidding to start from $ 990,000.00! Live Auction Thursday, July 15, 2021, at 3:00 pm EDT. No Buyer Premium. Due Diligence Package Available. Download at https://liveauction.link/4812Brooklyn. All offers encouraged. Submit offer to stop auction -- loan or cash. Easy process to register to bid. Online bidding and streaming available. Come and be part of the booming Sunset Park real estate market with this investor's delight at 4812 3rd Avenue! This brick two-family over a store currently measures 18.75'X55' over three stories for a total of 3,094 SF plus a full basement. It is zoned M1-2D (allowing residential use) and has previously approved plans to extend the first floor to the back of the 100' lot for use as a performing arts studio with a parking space, as well as a bulkhead addition on the roof to allow residents to enjoy the incredible views of downtown Manhattan and the Statue of Liberty. The approved plans can be provided upon request and result in a net above-grade square footage of 3,731 SF and 4,774 SF including the basement. There are numerous possibilities here ranging from residential renovation with parking for an end-user, to an investor completing the first floor expansion and leasing it for solid rate of return (in an Opportunity Zone), to a developer building commercial, residential, or even utilizing the 4.8 community facility FAR (up to 9,000 BSF). Feel free to reach out with any questions. Co-brokers encouraged at 2.5%.
Live Auction! Bidding to start from $ 990,000.00! Live Auction Thursday, July 15, 2021, at 3:00 pm EDT. No Buyer Premium. Due Diligence Package Available. Download at https://liveauction.link/4812Brooklyn. All offers encouraged. Submit offer to stop auction -- loan or cash. Easy process to register to bid. Online bidding and streaming available. Come and be part of the booming Sunset Park real estate market with this investor's delight at 4812 3rd Avenue! This brick two-family over a store currently measures 18.75'X55' over three stories for a total of 3,094 SF plus a full basement. It is zoned M1-2D (allowing residential use) and has previously approved plans to extend the first floor to the back of the 100' lot for use as a performing arts studio with a parking space, as well as a bulkhead addition on the roof to allow residents to enjoy the incredible views of downtown Manhattan and the Statue of Liberty. The approved plans can be provided upon request and result in a net above-grade square footage of 3,731 SF and 4,774 SF including the basement. There are numerous possibilities here ranging from residential renovation with parking for an end-user, to an investor completing the first floor expansion and leasing it for solid rate of return (in an Opportunity Zone), to a developer building commercial, residential, or even utilizing the 4.8 community facility FAR (up to 9,000 BSF). Feel free to reach out with any questions. Co-brokers encouraged at 2.5%.

Listing Courtesy of Compass

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Apartment Features

A/C

Outdoor

Private Garden
Terrace
4812 3rd Avenue Sunset Park Brooklyn NY 11220

Building Details [4812 3rd Avenue]

Ownership Multi-Family
Service Level None
Access Walk-up
Block/Lot 772/39
Building Size 18'x55'
Zoning M1-2D
Building Type Townhouse
Year Built 1931
Floors/Apts 3/3
Lot Size 18'x100'

Mortgage Calculator in [US Dollars]

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Loan Amount

Klara Madlin

License

Licensed Real Estate Broker


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