Descriptif

Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis to arrange for the sale of 4013 4th Avenue (the “Property” or “Site”), a premier development site located in the Sunset Park neighborhood of Brooklyn, New York. The Site has a 10,016 SF footprint and is zoned R7A / C2-4 with the ability to build up to 50,180 ZFA of mixed-use development. Conveniently situated at the intersection of 4th Avenue and 41st street, this prime corner location offers developers a unique opportunity to build a transformative project in a growing Brooklyn submarket. The Site is currently occupied by a car wash operator, who will be vacating upon execution of a sale.

Situated in the bustling core of Sunset Park, this property offers a unique opportunity to leverage the neighborhood’s surging popularity and escalating rental market. The site’s ~50k ZFA development potential, coupled with flexible ground-lease terms, positions it perfectly for a versatile mixed-use venture. The Site offers exceptional accessibility, this strategically situated property benefits from a diverse array of nearby transit options, including the D , N , R , and W subway lines (5-minute walk) in addition to the B35 bus stop (1-minute walk), ensuring comprehensive connectivity throughout the city. The site’s proximity to local amenities, parks, and cultural attractions make it highly attractive to young professionals and families driving the area’s rental demand, aligning perfectly with Brooklyn’s projected population growth and long-term residential needs. Furthermore, the potential benefits of the 485-X Tax Abatement and the City of Yes programs are expected to allow for increased housing density and improved development efficiency, further amplifying the site’s potential in this rapidly developing neighborhood and positioning 4013 4th Avenue as a promising opportunity for investors.

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Attributs

UAP ZFA

50,180 ZFA

Zonage

R7A / C2-4

Existing Building GSF

6,934 SF

Média

Points forts de l'investissement

Premier Development Site – ~10,000 SF lot with R7A/C2-4 zoning allowing 5.01 FAR under UAP/City of Yes, enabling ~50,000 SF of mixed-use development in high-growth Sunset Park.
Enhanced Development Economics – Site qualifies for 485-X tax abatement and City of Yes benefits including +20% density bonus, increased height allowances, and parking waivers.
Superior Transit Connectivity – Four subway lines (D, N, R, W) within 5-minute walk via two stations; immediate bus access and 1-minute to Belt Parkway for regional highway connections.
Desirable Location Amenities – Adjacent to 24-acre public park with waterfront views, attracting young professionals and families in thriving Brooklyn submarket.