$3,990,000
59 Avenue U
Details
Property Type Retail, Special Purpose
Sub Type Restaurant
Square Footage 8,000
Units 1
Stories 1
Lot Size (SqFt) 8,000
Ceiling Height 16-20 Foot
Retail | 8,000 SF
Marketing description
Proudly presenting this rare opportunity to operate or develop upon a neighborhood staple. Existing as a well-established catering hall for decades, the property is turn-key for such use with 8,000 sqft of interior space, built in 1931. The 80x100 corner lot also allows for development with R5B and C2-3 zoning. An excellent location on Avenue U with several successful new developments nearby.
R5B zoning allows for detached and semi-detached multi-family dwellings with FAR 1.35 as well as use for three-story row houses. In addition to the residential zoning, C2-3 zoning allows the development of mixed-use buildings with commercial and residential uses.
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