Mixed-Use
2840-2848 Brighton 4th Street
2840 Brighton 4th St, Brooklyn, NY 11235
Listing Price: $2,490,000
Investment Overview
Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 2840-2848 Brighton 4th Street, located between Brighton 4th Road and Neptune Avenue in the Brighton Beach neighborhood of Brooklyn, NY. The site consists of four separate lots, each improved with an existing single-family home (Block: 7261 Lots: 81, 82, 83, 84). Combined, the lots measure 80 ft x 332 ft and are zoned R6 allowing for 14,608 buildable square feet of development as-of-right. The property is an ideal candidate for ground-up condominium development. Condominium units in the local sub-market have sold out at $650-$750 per square foot. The subject property is located within a seven-minutes walking distance from Ocean Parkway “Q” train station and within a 12-minute walking distance from the Sheepshead Bay “B” and “Q” train station. 2840-2848 Brighton 4th Street offers developers the opportunity to purchase a strategically located development site in the Brighton Beach neighborhood of Brooklyn with the added benefit of existing single-family homes on each lot.
2840-2848 Brighton 4th Street
Investment Highlights
- Four-Lot Redevelopment Site in Brighton Beach – 332 feet of frontage to Brighton 4th Street
- Zoned R6 allowing for a total of 14,608 Buildable Square Feet as-of-right
- Local Condominium Prices breaching $800 per square foot
- Located within Seven-Minutes walking distance from Ocean Parkway "Q" Train Station and within a 12 Minute walking distance from the Sheepshead Bay "B" and "Q" Train Station
- Each lot features an existing single-family home offering investors an alternative exist strategy and the possibility of generating rental income prior to development
Exclusively Listed By
Listing Price: $2,490,000
Investment Highlights
- Four-Lot Redevelopment Site in Brighton Beach – 332 feet of frontage to Brighton 4th Street
- Zoned R6 allowing for a total of 14,608 Buildable Square Feet as-of-right
- Local Condominium Prices breaching $800 per square foot
- Located within Seven-Minutes walking distance from Ocean Parkway "Q" Train Station and within a 12 Minute walking distance from the Sheepshead Bay "B" and "Q" Train Station
- Each lot features an existing single-family home offering investors an alternative exist strategy and the possibility of generating rental income prior to development
Investment Overview
Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 2840-2848 Brighton 4th Street, located between Brighton 4th Road and Neptune Avenue in the Brighton Beach neighborhood of Brooklyn, NY. The site consists of four separate lots, each improved with an existing single-family home (Block: 7261 Lots: 81, 82, 83, 84). Combined, the lots measure 80 ft x 332 ft and are zoned R6 allowing for 14,608 buildable square feet of development as-of-right. The property is an ideal candidate for ground-up condominium development. Condominium units in the local sub-market have sold out at $650-$750 per square foot. The subject property is located within a seven-minutes walking distance from Ocean Parkway “Q” train station and within a 12-minute walking distance from the Sheepshead Bay “B” and “Q” train station. 2840-2848 Brighton 4th Street offers developers the opportunity to purchase a strategically located development site in the Brighton Beach neighborhood of Brooklyn with the added benefit of existing single-family homes on each lot.
Exclusively Listed By
