6530 4th Avenue

Sunset Park   |   63rd Street & 64th Street

Building For Sale
$ 3,400,000
Ownership Development Site
Lot Size 47'x77'
Status Active
Real Estate Taxes [Per Annum] $ 61,645
Building Type Low-Rise
Year Built 1931
ASF/ASM 6,122/569
Listing ID: 80781TH

Property Description

Introducing 6530 4th Ave, Prime Residential & Community Facility Development Site on an Opportunity Zone located in one of Bay RidgeÂ’s Busiest Residential & Retail Corridors. Opportunity Zone development opportunity with up to 21 Residential Units with 6 Parking Spaces and 1 Ground Floor Community Facility Space. Tailored for Condos or Rental where sales have exceeded $700/SF and residential units rent well over to $40/SF making this an excellent development opportunity. The Corner Lot is irregular measuring approximately +/- 47 x +/-77Â’ and the Gross SF for the development is 17,371.2 with community facility or 14,476 with residential only with an estimated 15,395.52 Saleable SF with parking. Multiple Options available from L shaped with Community, 7Â’ Story with Rear Yard, 7Â’ Story with Balconies + Court or 4Â’ Story Fully Built. Located on bustling 4th Avenue on Shore Rd and its greenways. A central location which is proximate to the R subway line on Bay Ridge Ave & N/R subway lines on 59th St, multiple Parks, the New York Bay/Bay Ridge Channel & Waterfront. Easy access to the Brooklyn-Queens expressway. Some of your neighbors include Bank of America, NYU Langone, Maimonides Medical, Tribeca Pediatrics, Rite-Aid, Alpine Cinema, Toyota, BMW and so much more! All material herein is intended for information purposes only and has been compiled from sources deemed reliable. Though information is believed to be correct, it is presented subject to errors, omissions, changes, or withdrawal without notice. Buyer to verify all information.
Introducing 6530 4th Ave, Prime Residential & Community Facility Development Site on an Opportunity Zone located in one of Bay RidgeÂ’s Busiest Residential & Retail Corridors. Opportunity Zone development opportunity with up to 21 Residential Units with 6 Parking Spaces and 1 Ground Floor Community Facility Space. Tailored for Condos or Rental where sales have exceeded $700/SF and residential units rent well over to $40/SF making this an excellent development opportunity. The Corner Lot is irregular measuring approximately +/- 47 x +/-77Â’ and the Gross SF for the development is 17,371.2 with community facility or 14,476 with residential only with an estimated 15,395.52 Saleable SF with parking. Multiple Options available from L shaped with Community, 7Â’ Story with Rear Yard, 7Â’ Story with Balconies + Court or 4Â’ Story Fully Built. Located on bustling 4th Avenue on Shore Rd and its greenways. A central location which is proximate to the R subway line on Bay Ridge Ave & N/R subway lines on 59th St, multiple Parks, the New York Bay/Bay Ridge Channel & Waterfront. Easy access to the Brooklyn-Queens expressway. Some of your neighbors include Bank of America, NYU Langone, Maimonides Medical, Tribeca Pediatrics, Rite-Aid, Alpine Cinema, Toyota, BMW and so much more! All material herein is intended for information purposes only and has been compiled from sources deemed reliable. Though information is believed to be correct, it is presented subject to errors, omissions, changes, or withdrawal without notice. Buyer to verify all information.

Listing Courtesy of The Corcoran Group

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Apartment Features

A/C
6530 4th Avenue Sunset Park Brooklyn NY 11220

Building Details [6530 4th Avenue]

Ownership Development Site
Service Level None
Access Walk-up
Block/Lot 5826/50
Zoning R7-1
Building Type Low-Rise
Year Built 1931
Floors 1
Lot Size 47'x77'

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Loan Amount

Klara Madlin

License

Licensed Real Estate Broker


This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2021 REBNY Listing Service, Inc. All rights reserved. Additional building data provided by On-Line Residential [OLR].
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.