Investment Overview

Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 456 Ovington Avenue, a vacant lot located between 4th and 5th Avenues in the Bay Ridge neighborhood of Brooklyn, NY (Block: 05892 Lot: 0032). The lot consists of 9,260 SF of vacant land and allows for both residential and community facility uses. The subject property will be sold with architectural plans for an 18,000 SF community facility project. 456 Ovington Avenue is located two blocks away from the Bay Ridge Avenue “R” subway station. Developers, owners and investors have the unique opportunity to purchase a strategically located development site in the rapidly growing Bay Ridge neighborhood. The purchaser can capitalize on the existing plans to develop an 18,000 SF community facility project and take advantage of the rising rents and sale prices in the area.