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3021-3043 Avenue V
Brooklyn, NY 11229
3033 Avenue V · Retail Property For Sale
Investment Highlights
- Recently Rezoned R7D/C2-4 | ±110,800 Buildable SF
- Full Blockfront Exposure with Existing Retail Income
- Preliminary Plans for 109 Apartments + Ground-Floor Retail
Executive Summary
3033 Avenue V is a ±20,000 SF full-blockfront mixed-use development opportunity in Sheepshead Bay. Recently rezoned R7D/C2-4 within a Mandatory Inclusionary Housing area, the site offers approximately 110,800 buildable SF and preliminary plans for 109 residential units with ground-floor retail. The existing ±12,500 SF, 12-unit retail strip provides covered-land income while redevelopment plans advance. The property features 200 feet of frontage along Avenue V and approximately 400 feet of combined frontage across three streets. Asking price: $12,500,000, or approximately $113 per buildable SF.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront
Building Size
12,500 SF
Building Class
B
Year Built
1950
Price
$12,500,000
Price Per SF
$1,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.62
Lot Size
0.46 AC
Zoning
R7D / C2-4 - Recently rezoned R7D/C2-4 within a Mandatory Inclusionary Housing area, permitting approximately 110,800 ZFA of mixed-use development.
Frontage
200’ on Avenue V
Property Taxes
| Parcel Number | 07367-0036 | Improvements Assessment | $1,107,000 |
| Land Assessment | $243,000 | Total Assessment | $1,350,000 |
Property Taxes
Parcel Number
07367-0036
Land Assessment
$243,000
Improvements Assessment
$1,107,000
Total Assessment
$1,350,000
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