4013 4th Avenue

Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis to arrange for the ground lease 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 ground-lease. 

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.