Listed by Ariel Property Advisors
$11,000,000
702 44th Street
Details
Property Type Multifamily
Sub Type Apartment Building, Redevelopment
Square Footage 52,000
Units 54
Stories 6
Lot Size (SqFt) 12,020
52,000 SF Residential Redevelopment Opportunity
Marketing description
Investment highlights
- 6-story, 52,000 SF residential redevelopment opportunity on the southeast corner of 7th Avenue and 44th Street
- The 36th Street N/R train station & the 9th Ave D train station are both 0.5 miles away and provide access to Manhattan in under 30 minutes
- Developers have the opportunity to redevelop the 52,000 existing SF, or build a ground up 54,992 SF rental building with the UAP bonus
- In the heart of Sunset Park, directly across from the park and across the street from P.S. 169. One block from the prime retail corridor on 8th Avenue
- Vacant since a 2019 fire, the structure was formerly made up of 54 residential units totaling 46,997 net SF and had condo sellouts north of $900/SF
Listing Contacts
Listed by Ariel Property Advisors
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