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Mixed-Use

61st Street - Three Lot Assemblage

720 61st St, Brooklyn, NY 11220

Listing Price: $4,400,000

Lot Size
0.21 acres
Price/Acre
$21,438,926
Land Type
Redevelopment

Investment Overview

Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 61st Street - Three Lot Assemblage, a development site located along 61st Street between 7th Avenue and 8th Avenue in the Sunset Park section of Brooklyn, NY. Together, the portfolio consists of three separate, vacant tax lots. The portfolio totals approximately 8,940 square feet and has M1-1 zoning. (Block: 05794 Lots: 0015, 0016, 0017). With the current zoning the subject site is allowed a maximum community facility FAR of 2.4 and a total of approximately 21,456 buildable square feet as-of-right. The 61st Street - Three Lot Assemblage is located one block away from the 8th Avenue handicap accessible subway station (with an additional entrance on 7th Avenue), serviced by the N, Q & W lines. The subject site is also located right off 7th Avenue/65th Street I-278 exit. Investors and developers have the unique opportunity to purchase three contiguous lots with almost 60 feet of frontage on 61st Street. The purchaser can capitalize on the redevelopment potential in a neighborhood where new developments are being completed and proposed daily.

Investment Highlights

  • Significant Redevelopment Potential with Approximately 21,456 Buildable Square Feet As-Of-Right
  • Features 60 Feet of Frontage along 61st Street
  • Near the R & N Subway Trains Making Transportation Easily Accessible Into and Out of the Area
  • Located right off the 7th Avenue/65th St Exit of the I-278
  • M1-1 Zoning

Exclusively Listed By

Financing By

Mixed-Use

61st Street - Three Lot Assemblage

Listing Price: $4,400,000

Lot Size
0.21 acres
Price/Acre
$21,438,926
Land Type
Redevelopment

Investment Highlights

  • Significant Redevelopment Potential with Approximately 21,456 Buildable Square Feet As-Of-Right
  • Features 60 Feet of Frontage along 61st Street
  • Near the R & N Subway Trains Making Transportation Easily Accessible Into and Out of the Area
  • Located right off the 7th Avenue/65th St Exit of the I-278
  • M1-1 Zoning

Investment Overview

Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 61st Street - Three Lot Assemblage, a development site located along 61st Street between 7th Avenue and 8th Avenue in the Sunset Park section of Brooklyn, NY. Together, the portfolio consists of three separate, vacant tax lots. The portfolio totals approximately 8,940 square feet and has M1-1 zoning. (Block: 05794 Lots: 0015, 0016, 0017). With the current zoning the subject site is allowed a maximum community facility FAR of 2.4 and a total of approximately 21,456 buildable square feet as-of-right. The 61st Street - Three Lot Assemblage is located one block away from the 8th Avenue handicap accessible subway station (with an additional entrance on 7th Avenue), serviced by the N, Q & W lines. The subject site is also located right off 7th Avenue/65th Street I-278 exit. Investors and developers have the unique opportunity to purchase three contiguous lots with almost 60 feet of frontage on 61st Street. The purchaser can capitalize on the redevelopment potential in a neighborhood where new developments are being completed and proposed daily.

Exclusively Listed By

Financing By

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