4013 4th Avenue_Property for Sale
4013 4th Avenue_Property for Sale

4013 4th Avenue

4013 4th Ave, Brooklyn, NY, 11232, US

Asset Description

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.

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Attributes

Land area gross
931 m²
Building area net
644 m²
Zoning
R7A / C2-4

Media

Investment Highlights

  • Prime ~10,000 SF ground lease opportunity in Sunset Park offers ~50k ZFA mixed-use development potential, leveraging R7A / C2-4 zoning and new UAP / City of Yes program in a growing Brooklyn sub-market.
  • Poised to capitalize on Brooklyn's robust rental market growth, with prime location and favorable zoning amid low vacancy rates and projected population increase.
  • Site eligible for 485-X Tax Abatement and City of Yes benefits, enabling 20% more affordable housing with reduced development costs through height allowances and parking waivers.
  • Prime location with multiple transit options: 5-minute walk to 36th St and 45th St subway stations, nearby bus stops, and quick access to Belt Parkway for convenient NYC travel.
4013 4th Avenue 4_Property for Sale

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Last updated
30 Apr 2025