Listed by Alpha Realty NY
$5,250,000
907 & 909 47th St
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,080
Tenancy Multi
Year Built 1920
Buildings 2
Stories 2
Zoning R6
Investment Type Redevelopment
Multifamily
Marketing description
Two Multifamily Buildings | 6,080 SF
Investment highlights
- Rare 50' Wide Assemblage: Two semi-detached 4-family assets situated on a substantial 5,000 SF (50x100) combined footprint in the core of Borough Park
- Exponential Development Density: Unlock up to 24,518 BSF with a community facility, or leverage a 19,921 BSF residential envelope via UAP (Universal Affordability Preference)
- Versatile Exit Strategies: Perfectly positioned for a high-end Condo Sell-out or a 485-x tax-incentivized rental project utilizing 15,324 as-of-right BSF
- Proven Institutional Location: Nestled in a premier, family-oriented submarket renowned for elite schooling, diverse retail, and high residential absorption
Listing Contacts
Listed by Alpha Realty NY
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