708-712 61st St
Brooklyn, NY 11220
Land For Sale
·
0.46 AC
Investment Highlights
- Significant Redevelopment Potential with Approximately 47,145 Buildable Square Feet As-Of-Right
- Near the R & N Subway Trains Making Transportation Easily Accessible Into and Out of the Area
- M1-1 Zoning
- Features 122.83 Feet of Frontage along 61st Street
- Located right off the 7th Avenue/65th St Exit of the I-278
Property Facts
Description
The Nowak Group of Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 61st Street Portfolio, a development site located along 61st Street between 7th Avenue and 8th Avenue in the Sunset Park section of Brooklyn, NY. Together, the portfolio consists of six separate tax lots, four of which are vacant and two with existing buildings. The portfolio totals approximately 19,644 square feet and has M1-1 zoning. (Block: 05794 Lots: 0011, 0012, 0013, 0015, 0016, 0017). With the current zoning the subject site is allowed a maximum community facility FAR of 2.4 and a total of approximately 47,145 buildable square feet as-of-right. The 61st Street Portfolio is located one block away from the 8th Avenue handicap accessible subway station (with an additional entrance on 7th Avenue), serviced by the N, Q & W lines. The subject site is also located right off 7th Avenue/65th Street I-278 exit. Investors and developers have the unique opportunity to purchase six contiguous lots with almost 125 feet of frontage on 61st Street. The purchaser can capitalize on the redevelopment potential in a neighborhood where new developments are being completed and proposed daily.
Property Taxes
| Parcel Numbers | Improvements Assessment | $144,840 | |
| Land Assessment | $533,550 | Total Assessment | $678,390 |
Property Taxes
