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2840 BRIGHTON 4TH ST Brooklyn NY 11235

[Locked]

Details
Property Type Land
Sub Type Residential
Days on Market ******
Latitude 40.5819
Longitude -73.9646

Property History

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Property Type
Property Type
Land
Property Subtype
Residential
Marketing Description

The Nowak Group of Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 2840-2848 Brighton 4th

Street, located between Brighton 4th Road and Neptune Avenue in the Brighton Beach neighborhood of Brooklyn, NY. The site

consists of four separate lots, each improved with an existing single-family home (Block: 7261 Lots: 81, 82, 83, 84). Combined, the

lots measure 80 ft x 332 ft and are zoned R6 allowing for 14,608 buildable square feet of development as-of-right.

The property is an ideal candidate for ground-up condominium development. Condominium units in the local sub-market have

sold around $800 per square foot.

The subject property is located within a seven-minutes walking distance from Ocean Parkway “Q” train station and within a

12-minute walking distance from the Sheepshead Bay “B” and “Q” train station. 2840-2848 Brighton 4th Street offers developers

the opportunity to purchase a strategically located development site in the Brighton Beach neighborhood of Brooklyn with the

added benefit of existing single-family homes on each lot.

Investment Highlights

Four-Lot Redevelopment Site in Brighton Beach – 332 feet of

frontage to Brighton 4th Street

Zoned R6 allowing for a total of 14,608 Buildable Square Feet

as-of-right

Local Condominium Prices breaching $800 per square foot

Located within Seven-Minutes walking distance from Ocean

Parkway “Q” Train Station and within a 12-Minute walking distance

from the Sheepshead Bay “B” and “Q” Train Station

Each lot features an existing single-family home offering investors

an alternative exit strategy and the possibility of generating rental

income prior to development

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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There are no additional details for this property

Contacts

Listing removed on
 BY:
JN
Jakub Nowak PRO
•••.•••.4353
•••••.•owak@•••••••••••••••.com
Brokerage logo

Map

Comparable Properties

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Rental Market Overview

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New York, NY median rent ********
***  ****** **** *** ******** ***
National median ********
Compare median rents across markets
New York, NY (this market)
Studio ******** 1 bed ******** 2 bed ********
Studio ******** 1 bed ******** 2 bed ********
Studio ******** 1 bed ******** 2 bed ********
Data provided byDwellsy IQ
*All information is deemed reliable but not guaranteed.
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