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507 Nostrand Ave
Brooklyn, NY 11216
Mixed-Use Development Site · Land For Sale
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0.12 AC
Investment Highlights
- Close to public transportation
- Mixed-use development site
- Corner location with high visibility and heavy traffic
- 22,512 Buildable Square Feet
Property Facts
| Property Type | Land | Proposed Use | Hold For Development |
| Property Subtype | Commercial | Total Lot Size | 0.12 AC |
| Zoning | C4-5D - R7D Residential equivalent | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Hold For Development |
| Total Lot Size | 0.12 AC |
| Zoning | C4-5D - R7D Residential equivalent |
Description
507 Nostrand Avenue is located on the corner of Nostrand Avenue and Herkimer Street. The lot totals 5,360 square feet, and is C4-5D zoned (4.2 FAR) which allows for a mixed-use development totaling 22,512 square feet. The site’s superior location on the intersection between three thriving retail and foot traffic corridors (Nostrand Avenue, Fulton Street, and Atlantic Avenue) and having the Nostrand Avenue “A” “C” subway station directly on the corner, makes this site ideally situated for a mixed-use commercial and residential development with high foot traffic and easy access to Manhattan.
Property Taxes
| Parcel Number | 01861-0071 | Improvements Assessment | $324,450 |
| Land Assessment | $292,500 | Total Assessment | $616,950 |
Property Taxes
Parcel Number
01861-0071
Land Assessment
$292,500
Improvements Assessment
$324,450
Total Assessment
$616,950
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