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436 97th St 0.29 Acres of Commercial Land Offered at $5,000,000 in Brooklyn, NY 11209
INVESTMENT HIGHLIGHTS
- This 19,040 BSF development site in Bay Ridge offers prime multi-family potential in one of Brooklyn’s most desirable neighborhoods.
- Proximity to scenic waterfront parks, vibrant retail corridors, and major roadways such as the Belt Parkway for easy regional access.
- Convenient access to public transportation includes the R train at 95th Street and multiple bus lines, ensuring excellent connectivity to Manhattan.
- Ideal site for a condo development where sellouts can achieve over $1,100/SF.
EXECUTIVE SUMMARY
Opportunity to acquire a development site in Bay Ridge, 19,040 buildable square foot residential development site located on the south side of 97th Street between 4th Avenue and Fort Hamilton Parkway. The property offers 90 feet of street frontage and is positioned in a well-established neighborhood known for strong demographics and community amenities. Convenient access to public transportation includes the R train at 95th Street and multiple bus routes, with major roadways such as the Belt Parkway nearby for regional connectivity. The site is surrounded by waterfront parks, retail corridors, and schools, making it an attractive location for future residential development.
PROPERTY FACTS
| Price | $5,000,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.29 AC |
| Property Type | Land | Year Built | 2008 |
| Zoning | R5B BR - low-density residential district | ||
| Price | $5,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.29 AC |
| Year Built | 2008 |
| Zoning | R5B BR - low-density residential district |
1 LOT AVAILABLE
Lot
| Price | $5,000,000 | Lot Size | 0.29 AC |
| Price Per AC | $17,159,074.92 |
| Price | $5,000,000 |
| Price Per AC | $17,159,074.92 |
| Lot Size | 0.29 AC |
Residential development site totaling 12,693 square feet with approximately 19,040 buildable square feet, ideally situated in Bay Ridge for future condominium development.
DESCRIPTION
Prime residential development site located in the heart of Bay Ridge, Brooklyn. Spanning approximately 19,040 buildable square feet, the property offers 90 feet of frontage on 97th Street.
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Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (89)
PROPERTY TAXES
| Parcel Number | 06127-0032 | Improvements Assessment | $64,350 |
| Land Assessment | $472,500 | Total Assessment | $536,850 |
PROPERTY TAXES
Parcel Number
06127-0032
Land Assessment
$472,500
Improvements Assessment
$64,350
Total Assessment
$536,850
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436 97th St
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