5018 4th Avenue

$7,000,000
For Sale
5018 4th Ave Deckattachment(5)5018 4th Ave Certificate of Occupancy page 4

Property Details

0 0 0 Industrial / Warehouse, Investment

5018 4th Ave, Brooklyn, New York 11220

Description:

5018 4th Avenue is a vacant, 4-story commercial building located on the corner of 4th Avenue and 51st Street in the Sunset Park section of Brooklyn, NY. The subject property is built 60 ft x 80 ft on an 80 ft x 80 ft lot (Block: 00790 Lot:0042), zoned R7A, C2-4 (3.45 Residential FAR, 4.6 Inclusionary Housing FAR, 2.0 Commercial FAR, 4.0 Community Facility FAR) allowing for a total of 22,080 buildable square feet. The building totals 4 floors each featuring 4,800 square feet, totaling 19,200 square feet of commercial space above-grade. The property also features an additional 4,800 square feet in the basement and a freight elevator servicing all levels of the building. The subject property is located just two blocks away from the 53rd Street “R” subway station. Developers, and investors have the unique opportunity to purchase a strategically located commercial site in the Sunset Park neighborhood to capitalize on the existing structure so as to reduce construction costs and add additional square footage on top of the existing building.