5018 4th Ave, Brooklyn, NY

Located in the Sunset Park neighborhood of Brooklyn, this four-story corner loft building offers 19,600 square feet of space, accompanied by a 1,500 square foot yard. The property is suitable for conversion into residential units, retail spaces, offices, or a school. Delivered vacant, the property is zoned for both commercial and residential use. The zoning allows for a Floor Area Ratio (FAR) of 3.45 for residential purposes, 4.6 with inclusionary housing, 2.0 for commercial use, and 4.0 for community facilities. Zoning permits are in place for the construction of a 22,080 square foot building, or the existing structure can be maintained with the addition of 2,480 square feet for a fifth floor. The lot measures 80 feet by 80 feet, and the building occupies a slightly irregular 60 foot by 80 foot area. The building's total area of 19,600 square feet is distributed across four floors, each measuring 4,900 square feet. Ceiling heights range from 13 to 18 feet. Additionally, there is a 4,900 square foot basement with an 8-foot ceiling height. The property includes a freight elevator that serves every floor, including the basement, a sprinkler system, windows on all four sides on the third and fourth floors, and windows on three sides for the first and second floors. It also features one staircase, one fire escape, gas heat, and heavy power. The building is situated across the street from the newly constructed Sunset Park Library, Chase Bank, and Blink Fitness, and is two blocks from the 53rd St / 4th Avenue "R" subway station.