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777 Hicks St
Brooklyn, NY 11231
Red Hook Development Opportunity · Land For Sale
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0.06 AC
Investment Highlights
- Development-ready parcel with R5 zoning and C1-2 commercial overlay.
- Convenient access to major transportation routes including the Brooklyn-Queens Expressway and Hugh L. Carey Tunnel.
- Situated near vibrant retail corridors and cultural destinations attracting continual foot traffic.
Executive Summary
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.06 AC |
| Property Type | Land | Cross Streets | W 9th St & Mill St |
| Zoning | R5, C1-2 - low-density residential district allowing diverse housing (detached, semi-detached, or small multi-family) with a 1.25 FAR, typically producing 3-4 story buildings. C1-2 is a commercial overlay mapped within R5, allowing local retail/services | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.06 AC |
| Cross Streets | W 9th St & Mill St |
| Zoning | R5, C1-2 - low-density residential district allowing diverse housing (detached, semi-detached, or small multi-family) with a 1.25 FAR, typically producing 3-4 story buildings. C1-2 is a commercial overlay mapped within R5, allowing local retail/services |
1 Lot Available
Lot
| Price | $779,888 | Lot Size | 0.06 AC |
| Price Per AC | $13,588,792.86 |
| Price | $779,888 |
| Price Per AC | $13,588,792.86 |
| Lot Size | 0.06 AC |
Description
Positioned in Brooklyn’s Red Hook neighborhood, 777 Hicks Street presents a development-ready parcel in a submarket known for its unique waterfront character and growing residential-employment synergy. Encompassing a 25-by-100-foot lot with approximately 2,500 square feet, the property offers the flexibility to create a four-story mixed-use building under its R5 zoning with a C1-2 commercial overlay. This zoning combination supports low-density residential paired with ground-floor retail or service components, allowing for creative, neighborhood-compatible design opportunities. Located at the crossroads of Hicks Street and West 9th Street, the site benefits from ease of access to the Brooklyn-Queens Expressway, the Hugh L. Carey Tunnel, and major routes into Manhattan. The Red Hook district continues to attract investors and developers with its evolving landscape of adaptive reuse, new residential projects, and established cultural and culinary destinations, enhancing long-term value propositions for future owners.
Property Taxes
| Parcel Number | 00539-0004 | Improvements Assessment | $0 |
| Land Assessment | $333,450 | Total Assessment | $333,450 |
Property Taxes
