Fifth Avenue, Brooklyn, NY 11215

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Fifth Avenue, Brooklyn, NY 11215

$12,000,000.00

  • A mixed-use conversion opportunity on the southeast corner of 5th Avenue & 19th Street in Greenwood Heights, Brooklyn.
  • The 10,200 square foot lot features 120’ frontage on 5th Avenue and is currently 23,400 square feet structure shell.
  • The plans call for a conversion of the corner building into 12 residential units above retail, while the mid-block portion will become a 6-story building with 18 units above retail.
  • In total, the new project will consist of 39,109 gross square feet, of which, 30,134 square feet will be above grade.
  • The subject property is a one-minute drive to both the Gowanus and Prospect Expressways, allowing nearly unfettered access to Manhattan, Queens, New Jersey and Long Island.
  • It is also located 0.3 miles from the Prospect Avenue D, R and W Train Station, which provides transportation into lower Manhattan in less than 20 minutes.
  • Asking Price ~ $12,000,000
  • Price Per Square Foot ~ $512.82
  • Price Per Buildable Square Foot ~ $392.16

Details

  • A mixed-use conversion opportunity on the southeast corner of 5th Avenue & 19th Street in Greenwood Heights, Brooklyn.
  • The 10,200 square foot lot features 120’ frontage on 5th Avenue and is currently 23,400 square feet structure shell.
  • The plans call for a conversion of the corner building into 12 residential units above retail, while the mid-block portion will become a 6-story building with 18 units above retail.
  • In total, the new project will consist of 39,109 gross square feet, of which, 30,134 square feet will be above grade.
  • The subject property is a one-minute drive to both the Gowanus and Prospect Expressways, allowing nearly unfettered access to Manhattan, Queens, New Jersey and Long Island.
  • It is also located 0.3 miles from the Prospect Avenue D, R and W Train Station, which provides transportation into lower Manhattan in less than 20 minutes.
  • Asking Price ~ $12,000,000
  • Price Per Square Foot ~ $512.82
  • Price Per Buildable Square Foot ~ $392.16

Additional Information

Asset Type

Development

City

Brooklyn

Neighborhood

Greenwood Heights

Broker

Mike Sezan

Price

$ 12,000,000

Map

 

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    215-15 Northern Boulevard,
    3rd Floor
    Bayside, NY 11361

    Phone: 646.586.2091

    Fax: 646.767.6790

    Web: www.assetcrg.com