480 Saint Johns Pl
Brooklyn, NY 11238
480 Saint John's Place/419-421 Lincoln Place · Land For Sale
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13,833.00 AC
Investment Highlights
- A block-through shovel-ready development site two blocks from Prospect Park, Brooklyn Museum & Grand Army Plaza
- 2,3,4,5 trains are accessible 2 blocks away at Franklin Avenue, while the Park Place shuttle train connects to the C and B Q train
- Average sellouts in the neighborhood upwards of $1,400/SF.
Property Facts
| Property Type | Land | Total Lot Size | 13,833.00 AC |
| Property Subtype | Residential | No. Stories | 6 |
| Proposed Use | Apartment Units - Condo | ||
| Zoning | R7A - R7A Zoning are medium-density multifamily residential buildings & Quality Housing Program is mandatory. FAR – 4.0 or 4.6 With Inclusionary Housing | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units - Condo |
| Total Lot Size | 13,833.00 AC |
| No. Stories | 6 |
| Zoning | R7A - R7A Zoning are medium-density multifamily residential buildings & Quality Housing Program is mandatory. FAR – 4.0 or 4.6 With Inclusionary Housing |
Description
This is a 13,833 SF block-through two-lot assemblage. The land parcel is vacant and ready for immediate development. The property carries R7A zoning designation permitting up to 55,332 ZFA of residential development potential. A portion of lot 50 (419-421 Lincoln Place) also carries C1-4 commercial overlay. Best use is to construct two boutique luxury condo towers to benefit from average sellouts in the neighborhood upwards of $1,400/SF. Current ownership has also prepared plans for two 8-story residential rental buildings with a total of 64 units. The property is in an extremely desirable part of Brooklyn and offers unparalleled connectivity by car or public transport to shopping, dining and entertainment destinations across Downtown Brooklyn and Lower Manhattan within minutes. 2,3,4,5 trains are accessible 2 blocks away at Franklin Avenue, while the Park Place shuttle train connects to the C and B Q trains. 480-482 St. Johns Place / 419-421 Lincoln Place presents a rarely available opportunity to acquire a shovel-ready site with substantial scale and tremendous development possibilities
Property Taxes
| Parcel Numbers | Improvements Assessment | $3,616,200 | |
| Land Assessment | $300,600 | Total Assessment | $3,916,800 |
Property Taxes
